Chinese woman admits US$7.4 billion bitcoin fraud at UK court

Source: China – South China Morning PostA 47-year-old Chinese woman on Monday told a UK court that she played a leading role in a multibillion-pound fraudulent bitcoin scheme.
Businesswoman Qian Zhimin, alias Zhang Yadi, pleaded guilty at London’s Southwark Crown Court following what is believed to be the single largest cryptocurrency seizure in the world, now worth about £5.5 billion (US$7.4 billion).
Qian admitted one count of possessing criminal property and one count of transferring criminal property.
Judge Sally-Ann Hales…Read More

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