Crypto

Chinese woman pleads not guilty to UK laundering charges

Zhimin Qian, often known as Yadi Zhang, has pleaded not responsible to laundering Bitcoin in a London court docket.

In keeping with Bloomberg, Qian, a Chinese language nationwide, was arrested in April and charged with two counts of cash laundering. The UK’s Legal Prosecution Service alleges that earlier than April 23, Qian possessed and transferred unlawful cryptocurrency as half of a bigger operation.

Zhimin Qian and Jian Wen

Authorities declare Qian enlisted Jian Wen, who has been sentenced to over six years in jail for her involvement within the cash laundering plot. Wen was discovered to have 61,000 Bitcoin (BTC), now valued at over £3 billion ($4 billion), at her residence throughout a police raid in 2018.

Wen’s arrest reportedly led investigators to Qian, who has been dubbed the “Crypto Queen.” She is accused of defrauding 130,000 Chinese language buyers of $5.6 billion between 2014 and 2017. Regardless of these allegations, Qian denies all legal conduct and plans to contest the fees.

The trial is about to start in September 2025 at Southwark Crown Court docket, the place a co-defendant, Seng Hok Ling, has additionally pleaded not responsible to associated expenses.

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