Ringleader behind the world's biggest cryptocurrency fraud convicted
Share this @internewscast.com

UK police have made what is believed to be the world’s biggest cryptocurrency seizure, worth a staggering £5 billion ($10 billion).

A seven-year probe by London’s Metropolitan Police Force into cross-border money laundering culminated in the confiscation of 61,000 Bitcoin and the convictions of a man and woman.

Zhimin Qian, 47, a Chinese national who is also known as Yadi Zhang, admitted in court on Monday to the illegal acquisition and possession of the cryptocurrency.

Hok Seng Ling, left, and Zhimin Qian were convicted in a London court for their role in a $10 billion crypto fraud.(AP)

Detective Sergeant Isabella Grotto, who spearheaded the investigation, stated that Qian had been “eluding justice” for five years until her apprehension.

“Her arrest set off a complicated investigation requiring evidence from several jurisdictions and meticulous examination of thousands of documents,” Grotto remarked.

Sentencing for Qian and Ling is scheduled to take place in November.

UK Security Minister Dan Jarvis said the conviction sent a “clear signal” that Britain wasn’t a “safe haven” for criminals.

“Money laundering erodes trust, undermines our economy, and fuels the rise of serious organised crime,” he said.

Share this @internewscast.com
You May Also Like

Yemen’s Houthis Target Israel with Missile Strike: A New Threat to Global Shipping Routes

In Brief One month into the war, Yemen’s Iran-aligned Houthis say they…

Tiger Woods Released on Bail Following DUI Arrest Allegations

In Brief Tiger Woods has been released from jail following his arrest…
Truck driver Robert Cook warning over diesel shortage

Pressure Mounts to Slash $3 Billion Tax Amid Escalating Fuel Crisis Concerns

Australia’s business chambers want the federal government to reduce the heavy vehicle…
Man accused of stealing $1500 in diesel forced to siphon it back in

Suspected Diesel Thief Ordered to Return $1500 Worth of Fuel in Unusual Court Ruling

As fuel prices continue to rise, some drivers are reportedly resorting to…
Police stand outside the Bank of America building in Paris, Saturday, March 28, 2026. (AP Photo/Nicolas Garriga)

French Authorities Prevent Potential Bomb Attack in Paris

French police have thwarted a suspected bomb attack outside a Bank of…

Lebanon Decries ‘Brazen Crime’ as Israeli Airstrikes Claim Lives of Three Journalists

In Brief The Israeli military admitted to killing Al Manar correspondent Ali…
L-R: Interior Secretary Doug Burgum, Secretary of State Marco Rubio, US President Donald Trump, Defence Secretary Pete Hegseth, and Commerce Secretary Howard Lutnick

Trump’s Mixed Signals Create Uncertainty About Iran Conflict

US President Donald Trump says the United States is winning the war…
Donald Trump speaking about his favourite pen at a cabinet meeting today.

Survey Identifies Key Figures Australians Hold Responsible for Fuel Crisis

According to the latest poll conducted by The Australian Financial Review in…

Albanese Unveils Strategic Fuel Powers: Key Changes and Their Impact on Australia’s Energy Future

IN BRIEF The Australian government will underwrite private fuel cargo purchases. This…
Helen Lister and Angie List travelled to Paris, France together in 2010.

In Helen’s Last Days, Swallowing Became Impossible: A Family’s Heartfelt Struggle

Helen Lister was a beacon of positivity for her family, bringing light…
Trump slammed over 'huge miscalculation'

Trump Faces Backlash Over Alleged Strategic Misstep: Experts Weigh In

A prominent member of the Coalition has openly criticized Donald Trump’s recent…
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Mina Al Fajer, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)

Aussie Alert: The Economic Indicator Set to Impact Every Household’s Wallet

Inflation could be driven into the mid-sixes as early as June, economists…