Overview
- Southwark Crown Court sentenced Zhimin Qian to 11 years and eight months for acquiring and possessing criminal property.
- Seng Hok Ling was sentenced to four years and 11 months for money laundering linked to the same operation.
- Police seized more than 61,000 BTC worth over $6 billion, described as the largest cryptocurrency seizure in the UK.
- Prosecutors say the scheme ran in China from 2014 to 2017, with proceeds converted to Bitcoin and laundered through luxury property and purchases in Britain.
- Civil proceedings in London continue over victim compensation, while accomplice Jian Wen was previously jailed for six years and eight months.