A Chinese woman has admitted to carrying out the largest Bitcoin scam in history.

2025-09-30 01:23:53

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British police have just broken the record with the largest cryptocurrency seizure in history, confiscating 61,000 BTC worth approximately 7.3 billion USD, equivalent to the entire Bitcoin stash of the government. This asset belongs to Zhimin Qian, a Chinese national who defrauded 128,000 people from 2014 to 2017. After coming to the UK in 2018 to launder money through real estate, Qian was arrested following a seven-year investigation and has pleaded guilty.

According to prosecutor Robin Weyell, the case shows the enormous scale of illegal profits from cryptocurrency. With the newly seized BTC, the UK now owns nearly double the amount of Bitcoin, which could compete with the US. While the US is forced to return most of the crypto to victims, the UK can leverage this asset as the majority of victims are in China – where cryptocurrency is restricted. This is seen as an opportunity for the UK to consider building a national Bitcoin reserve.

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