{"id":15757,"date":"2025-11-11T18:52:31","date_gmt":"2025-11-11T18:52:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cryptoqueen-fraudster-zhimin-qian-receives-11-year-jail-term-in-uk\/"},"modified":"2025-11-11T18:52:36","modified_gmt":"2025-11-11T18:52:36","slug":"cryptoqueen-fraudster-zhimin-qian-receives-11-year-jail-term-in-uk","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cryptoqueen-fraudster-zhimin-qian-receives-11-year-jail-term-in-uk\/","title":{"rendered":"\u2018Cryptoqueen\u2019 fraudster Zhimin Qian receives 11-year jail term in UK"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Zhimin Qian, the Chinese \u201ccryptoqueen\u201d arrested for masterminding a $5.5 billion Bitcoin scam, has received an 11-year jail sentence in the U.K.<\/p>\n<div id=\"cn-block-summary-block_20b646c376c03a8e23adc39aa6410c10\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Chinese Bitcoin scammer Zhimin Qian has been handed an 11 years prison sentence.<\/li>\n<li>The 47-year old masterminded a multi-billion-dollar crypto scam that impacted 128,000 victims in China.<\/li>\n<li>UK authorities seized 61,000 BTC from Qian following her arrest.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Zhimin Qian, 47, the mastermind of a major crypto fraud scheme that saw over 128,000 people across China defrauded between 2014 and 2017, was sentenced to 11 years and eight months at London\u2019s Southwark Crown Court. Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/chinese-fraud-mastermind-jailed-uk-laundering-bitcoin-2025-11-11\/\" target=\"_blank\" rel=\"nofollow\">reported<\/a> on the development.<\/p>\n<p>The \u201cGoddess of Wealth\u201d, also known as Yadi Zhang, pleaded guilty to two charges of money laundering in September. <\/p>\n<p>On November 11, Judge Sally-Ann Hales handed down the prison sentence. Qian\u2019s arrest followed an extensive dragnet set up by UK police targeting the fraudster, who fled China and tried to assume a new identity in Britain.<\/p>\n<p>Notably, the jailing so far caps a significant case that saw British police seize over 61,000 bitcoin (BTC), one of the world\u2019s largest BTC seizures. That haul, at current Bitcoin prices, is worth over $6 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Zhimin Qian, the Bitcoin fraudster <\/h2>\n<p>Qian, 47, changed her plea and admitted to possessing and transferring criminal property via crypto. Initially, she claimed to be a victim of a government crackdown in China and a \u201csuccessful crypto entrepreneur\u201d.<\/p>\n<p>But investigations revealed that Qian\u2019s company offered an investment to unsuspecting investors who put nearly 40 billion renminbi (approximately $5.5 billion) into it. The fraud that followed saw her embezzle over 6 billion renminbi, with proceeds hodled in Bitcoin.<\/p>\n<p>When Chinese authorities closed in on the architects of the scam, Qian fled. She eventually entered the UK with fake documents and embarked on a laundering spree. Authorities say she enlisted accomplices and lived large as she revelled in the ill-gotten crypto fortune.<\/p>\n<p>Jian Wen, one of the accomplices, received a sentence of over six years in jail. For Qian, the 11-year sentence is slightly lower than the up to 14 years she faced.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Zhimin Qian, the Chinese \u201ccryptoqueen\u201d arrested for masterminding a $5.5 billion Bitcoin scam, has received an 11-year jail sentence in the U.K. Summary Chinese Bitcoin scammer Zhimin Qian has been&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15757"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15757\/revisions"}],"predecessor-version":[{"id":15759,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15757\/revisions\/15759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15758"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}