As a seasoned crypto investor with a keen eye for market trends and a knack for spotting potential scams, I find myself following the case of Zhimin Qian, or as some call her, the “Crypto Queen,” with bated breath. This is not my first rodeo in the world of cryptocurrencies, and I’ve seen my fair share of shady characters and questionable schemes.
In a London court, Zhimin Qian, who is also recognized by the name Yadi Zhang, has denied accusations of laundering Bitcoin.
As reported by Bloomberg, a Chinese citizen named Qian was taken into custody in April and accused of two instances of money laundering. The UK’s Criminal Prosecution Service claims that prior to April 23, Qian held and moved illicit cryptocurrencies as part of a larger scheme.
Zhimin Qian and Jian Wen
Officials assert that Qian recruited Wen, who was given a prison sentence exceeding six years due to her part in the money laundering scheme. During a raid in 2018, authorities discovered approximately 61,000 Bitcoins (BTC) worth over £3 billion ($4 billion) at Wen’s home.
According to reports, the authorities linked Qian, also known as the “Crypto Queen,” to Wen’s arrest. She stands accused of swindling approximately 130,000 Chinese investors out of a staggering $5.6 billion over the years 2014-2017. Despite these serious allegations, Qian maintains her innocence and intends to fight the charges brought against her.
As an analyst, I am preparing for a court case scheduled to commence in September 2025 at the Southwark Crown Court. In this trial, a fellow defendant, Seng Hok Ling, has similarly pleaded not guilty to charges that are linked to mine.
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2024-10-21 17:12