Guilty plea confirmed On September 29, 2025 , Zhimin Qian—also known as Yadi Zhang—pleaded guilty in a UK court to laundering Bitcoin tied to a major Chinese investment fraud. Police recovered over 61,000 BTC , worth about $6.7 billion , in one of the world’s largest crypto seizures. Fraud linked to China The funds came from a large pyramid scheme targeting Chinese investors. After fleeing to the UK, Qian used fake identities, front companies, and property deals to hide the money. She admitted to handling criminal assets. Crypto used to move funds Prosecutors say the case shows how Bitcoin was used to shift stolen money across borders. The UK served as a key base for the laundering operation. Sentencing pending Her sentence has not been set. Investigators expect more suspects tied to the scheme. Authorities see this as a major step in crypto-related financial crime enforcement.
