two jailed after £5,500,000,000 bitcoin fraud case

Zhimin Qian,alias Yadi Zhang,was convicted earlier (Picture: AFP)

Will Lyne,The Met’s Head of Economic and Cybercrime Command,said: ‘These two guilty pleas mark the culmination of years of dedicated investigation by the Met’s Economic Crime teams and our partners.

‘This is one of the largest money laundering cases in UK history and among the highest-value cryptocurrency cases globally. Through a meticulous investigation and unprecedented cooperation with Chinese law enforcement,we were able to obtain compelling evidence of the criminal origins of the cryptoassets the pair attempted to launder in the UK.

‘My thoughts are with the thousands of victims defrauded in this scheme,and I hope this outcome acknowledges the harm these defendants inflicted and reinforces the Met’s unwavering commitment to justice.’