|

World’s Biggest Crypto Raid: China’s “Goddess Of Wealth” Pleads Guilty In Massive UK Seizure

Zhimin Qian, a Chinese nationwide broadly referred to as the “Crypto Queen,” faces sentencing within the UK after admitting to offences tied to what authorities name the most important cryptocurrency seizure ever recorded.

According to courtroom paperwork, Qian – also called the Chinese “Goddess Of Wealth” – pleaded responsible on September 29, 2025 to buying and possessing prison property within the type of Bitcoin. Reports have disclosed that police seized greater than 61,000 BTC throughout a 2018 raid, an quantity value not less than $6.5 billion at present market charges.

Major Seizure Prompts Court Action

Investigators say the haul got here from an funding scheme run in China between 2014 and 2017. Prosecutors hyperlink the exercise to an organization named Tianjin Lantian Gerui Electronic Technology Co Ltd, which allegedly promised high returns to 1000’s of individuals.

Reports put the variety of victims at greater than 128,000. That determine has raised questions on how any recovered funds could possibly be shared amongst so many claimants.

The Arrest And The Evidence Trail

According to police statements, Qian left China round 2017 and later used false journey paperwork, together with a St Kitts & Nevis passport, to dwell within the UK. In 2018, officers searched a property in Hampstead and located wallets and units that helped them hint the crypto holdings.

Records proven in courtroom hyperlink transfers and accounts to the scheme that defrauded investors. The objects seized in that operation are central to the Crown’s case and to plans for sufferer compensation.

Compensation And Cross-Border Challenges

Reports have outlined the authorized and sensible hurdles forward. The Bitcoin seized in 2018 has risen massively in worth since then, which complicates choices about tips on how to return cash to these harmed.

Lawyers say cross-border claims between UK authorities and Chinese victims may take years to kind out. Based on experiences, one fear is conflicting claims over who’s entitled to the belongings and whether or not victims will obtain the present market worth of the Bitcoin or the worth on the time of seizure.

Sentencing Timeline And Possible Penalties

According to courtroom sources, Qian may withstand 14 years behind bars underneath the costs she admitted. Sentencing was anticipated to happen quickly after the responsible plea, though actual dates haven’t been confirmed publicly by the courtroom in all retailers.

Judges will contemplate the size of the loss, the variety of victims, and the position Qian performed in shifting or hiding the funds when deciding the sentence.

Investigations And Next Steps

UK authorities together with the Metropolitan Police and the Crown Prosecution Service are coordinating efforts to safe the remaining belongings and to arrange processes for victims to say funds.

Featured picture from Gemini, chart from TradingView

Similar Posts