A Chinese woman was convicted in the UK for her involvement in a Bitcoin scam, with the amount involved being approximately 7.4 billion dollars

ChainCatcher news, according to BBC reports, Chinese national Zhimin Qian (also known as Yadi Zhang) has been convicted in the UK for her involvement in a cryptocurrency fraud case, with the amount involved exceeding £5.5 billion (approximately $7.4 billion). The Southwark Crown Court in London announced on Monday that the 47-year-old Chinese woman pleaded guilty to the charges of illegally obtaining and holding cryptocurrency.

According to a statement from the UK police, between 2014 and 2017, she deceived over 128,000 victims and converted the proceeds into Bitcoin assets. The police stated that the case involved a 7-year investigation covering multiple jurisdictions.