The trial of Zhimin Qian concluded on Tuesday, with the Chinese national sentenced to over a decade in prison for orchestrating one of the UK's largest cryptocurrency scams. Qian, 47, was found guilty of running a massive Ponzi scheme while living an extravagant lifestyle in London.
At Southwark Crown Court, she received an 11-year and eight-month sentence after pleading guilty to money laundering offences linked to the scheme, which defrauded approximately 128,000 victims in China. The case resulted in the UK's largest cryptocurrency seizure, with authorities confiscating 61,000 Bitcoin valued at over £5.5 billion ($6.6 billion).
