• Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims
• This is widely considered the single largest cryptocurrency seizure by law enforcement to date (in terms of amount of BTC seized)
• The seized Bitcoin is now valued at a multiple of its original worth at the time of the crime, meaning that UK authorities must decide what to do with the surplus

A Chinese national, Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims.

Authorities allege that Qian converted much of the illegal proceeds into Bitcoin and hid them in wallets.

In a 2018 London raid, UK law enforcement seized 61,000 coins, to be exact. At current valuations, the seized assets are worth approximately $6.7 bi…

Read The Full Article Chinese National Convicted in Case Tied to World’s Largest Bitcoin Seizure On Coin Edition.

• Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims
• This is widely considered the single largest cryptocurrency seizure by law enforcement to date (in terms of amount of BTC seized)
• The seized Bitcoin is now valued at a multiple of its original worth at the time of the crime, meaning that UK authorities must decide what to do with the surplus

A Chinese national, Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims.

Authorities allege that Qian converted much of the illegal proceeds into Bitcoin and hid them in wallets.

In a 2018 London raid, UK law enforcement seized 61,000 coins, to be exact. At current valuations, the seized assets are worth approximately $6.7 bi…

Read The Full Article Chinese National Convicted in Case Tied to World’s Largest Bitcoin Seizure On Coin Edition.