Archive · 10 Nov 2025
China's 'Goddess of Wealth' Faces UK Jail for $6 Billion Bitcoin Scam
A woman from China, who was nicknamed the 'Goddess of Wealth' because she lived so luxuriously, is in trouble in the UK.
She and her friends tricked over 128,000 people out of billions of dollars using a Bitcoin scam.
They promised people big returns on their money, but it was a lie, like a game where only the first players get paid.
She took the stolen money, turned a lot of it into Bitcoin, and tried to hide it in the UK by buying expensive things like a mansion.
The police found and took away over 61,000 Bitcoins, which is worth more than $6 billion!
This is the biggest crypto seizure ever in the UK.
The woman has admitted to her crime and might go to jail for a long time.
Chinese businesswoman Zhimin Qian, known as the 'Goddess of Wealth,' faces jail in the UK for a $6 billion Bitcoin scam.
Qian defrauded over 128,000 victims in China between 2014-2017 using a Ponzi scheme.
She is accused of laundering the Bitcoin proceeds in the UK, including purchasing a $30 million mansion.
UK police made their largest-ever cryptocurrency seizure, confiscating over 61,000 Bitcoins valued at over $6 billion.
Qian pleaded guilty to acquiring and possessing criminal property and is awaiting sentencing, with potential jail time of up to 14 years.
- Who
- Chinese businesswoman Zhimin Qian (alias Yadi Zhang) and her accomplices
- What
- Conducted a Bitcoin scam defrauding over 128,000 victims, laundered proceeds in the UK, resulting in the largest cryptocurrency seizure in UK history.
- When
- Scam operated from 2014-2017 in China; Qian fled in 2018; arrested in April 2024; pleaded guilty on September 29.
- Where
- China (scam operations) and the UK (money laundering and legal proceedings)
- Why
- To acquire and possess criminal property through a Ponzi scheme and launder illegally obtained funds.
- Defendant
- Zhimin Qian (alias Yadi Zhang)
- Alleged Crime
- Bitcoin scam, money laundering
- Estimated Value of Scam
- $6 billion
- Number of Victims
- Over 128,000
- Bitcoin Seized
- Over 61,000 Bitcoin
- Location
- UK (London's Southwark Crown Court and High Court)
- Plea
- Guilty to acquiring and possessing criminal property