The world's largest cryptocurrency case: A Chinese woman admits to her crimes in the UK, involving 61,000 BTC (approximately $6.75 billion)

ChainCatcher news, according to the International Business Times (IBT), Chinese national Zhimin Qian admitted to possessing criminal cryptocurrency assets at Southwark Crown Court in London on September 29.

The case involves 61,000 bitcoins previously seized by the UK police, valued at approximately $6.75 billion at current prices, making it the largest cryptocurrency seizure in the world to date. It is reported that Zhimin Qian defrauded around £5 billion from over 128,000 victims in China through investment scams between 2014 and 2017. She then converted the illicit gains into bitcoins and fled to the UK in 2017 to launder the money. The UK police launched an investigation in 2018 and seized a digital wallet containing 61,000 bitcoins that same year. Sentencing for Zhimin Qian and her accomplices is scheduled for November 10, 2025.