A Chinese language nationwide, “Zhimin Qian” (also called “Yadi Zhang”), has pleaded responsible in London to offences linked to what authorities name one of many largest cryptocurrency seizures on document.
In accordance with courtroom information, she admitted two counts underneath the Proceeds of Crime Act for buying and possessing legal property within the type of bitcoin at Southwark Crown Courtroom.
Enormous Seizure Discovered In A Hampstead Property
Primarily based on stories, police discovered units holding about 61,000 BTC throughout a 2018 search of a hampstead house, a haul now valued at roughly £5 billion (about $6.7 billion).
That cache has been described by investigators as one of many largest single crypto seizures ever.
Investigators say the case traces again to an funding scheme run in China between 2014 and 2017. Experiences have disclosed that greater than 128,000 folks had been cheated out of cash that was later transformed into bitcoin.
It follows a seven-year ongoing investigation by the Met’s Financial Crime workforce into worldwide cash laundering, which at the moment has seen the main determine convicted for her crimes.
Zhimin Qian, 45 (04.09.1978), of no fastened deal with, pleaded responsible at Southwark Crown Courtroom on… pic.twitter.com/DYaor97YLH
— Politics UK (@PolitlcsUK) September 29, 2025
Qian is accused of transferring these proceeds into crypto after which attempting to cover them abroad.
Firm Claims And Alleged Guarantees
In accordance with courtroom filings and reporting, Qian ran an organization known as Tianjin Lantian Gerui Digital Expertise, which promised very excessive returns — figures as giant as 300% had been utilized in promotional materials — and claimed involvement in mining and different crypto actions. Authorities say buyers’ money was routed into exchanges and swapped for bitcoin.
Costs And Authorized Steps Underway
The Metropolitan Police say Qian was charged after an extended, cross-border probe and has been remanded in custody forward of sentencing and additional restoration hearings.
Civil restoration steps are additionally underneath strategy to attempt to return belongings to victims. The police listed offences of buying and possessing legal property of their assertion in regards to the case.
Assistant Convicted And Abroad Hyperlinks
Experiences notice that an affiliate, “Jian Wen”, was earlier convicted in relation to components of the scheme and obtained a jail time period of virtually seven years for laundering among the proceeds.
Authorities additionally say properties tied to the investigation had been seized overseas, together with in Dubai, as investigators adopted funds around the globe.
What Comes Subsequent
Sentencing dates haven’t but been set and Qian stays in custody. Courtroom testimony and proof offered in London are anticipated to incorporate materials from abroad companies and witnesses, with victims in China as a result of give accounts remotely.
The case is probably going for use for instance of how regulation enforcement can monitor and seize giant crypto holdings throughout borders.
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