A Chinese national, Wen Jian, is reportedly facing trial in the UK over an alleged $6.5 billion Bitcoin (BTC) fraud. Jian is accused of converting BTC into cash and property to launder money from a scheme that occurred in China between 2014 and 2017. The fraud allegedly involved stealing funds from over 100,000 Chinese residents. Jian, who faces three counts of money laundering, denies involvement in the initial fraud. The orchestrator of the fraud, identified as Qian Zhimin (Zhang Yadi), fled to Great Britain in 2017, and her whereabouts remain unknown. The trial, where Jian is accused of acting as a “front person” to hide the illegally gained funds’ source, is set to conclude by the end of March.
Chinese National Faces Trial in UK Over Alleged $6.5 Billion Bitcoin Fraud
