Woman jailed nearly 7 years for laundering $6.4B Bitcoin linked to $6.4B fraud; one of the largest crypto seizures.
A woman accused of laundering billions in Bitcoin tied to a $6.4 billion fraud was jailed for nearly seven years after a trial in London. Prosecutors said Wen Jian helped hide the proceeds of the fraud, which allegedly involved nearly 130,000 Chinese investors. The case involved one of the largest cryptocurrency seizures by law enforcement worldwide, with 61,000 Bitcoin worth around 1.4 billion pounds when seized in 2021 and now worth over 3 billion pounds.
May 24, 2024
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