The leader of a fraudulent bitcoin Operation pleaded guilty to the British Krone Court for its role in £ 5.1 billion ($ 6.9 billion) scam.
The Chinese national Zhimin Qian, 47, was convicted of the acquisition and possession of criminal property, namely cryptocurrency, Metropolitan Police announced Monday.
Qian, also known as Yadi Zhang, deceived more than 128,000 victims in China between 2014 and 2017, after which she kept her spoiler in BTC and fled to Britain, according to police.
She tried to launder Bitcoin by buying property using her assistant Jian Wen. Wen, 42, was sentenced to six years and eight months in prison for its role in the operation last year.
The Metropolitan police referred to the city of 61,000 BTC as “what is believed to be the biggest cryptocurrency of the world” in Monday’s statement.
There were previous reports that the British government could seem to sell BTC, which was seized from this case, similar to what the German authorities did last year, which used significant sales pressure at Bitcoin’s price at the time.
