Archive · 30 Sep 2025
Chinese Woman Pleads Guilty in $6.7 Billion Bitcoin Laundering
Zhimin Qian, also known as Yadi Zhang, admitted to laundering a massive amount of Bitcoin in London.
She stole money from over 128,000 people in China through an investment scam between 2014 and 2017.
The money was then converted into Bitcoin.
After years of evading justice, the police discovered this and arrested her.
Qian's accomplice, Jian Wen, also received a prison sentence.
The case involved a complex, multi-jurisdictional investigation.
Zhimin Qian pleaded guilty to illegally acquiring and holding Bitcoin in London.
Qian defrauded over 128,000 people in China in an investment scam.
The stolen funds were converted to Bitcoin to hide their origins.
Qian was arrested after evading justice for five years.
Her accomplice, Jian Wen, was sentenced to prison for helping with laundering.
- Who
- Zhimin Qian, also known as Yadi Zhang.
- What
- Plead guilty to illegally acquiring and holding Bitcoin.
- When
- Between 2014 and 2017, and arrested after evading justice for five years.
- Where
- Southwark Crown Court, London.
- Why
- To hide origins of stolen money.
Defendant's Actions
Authorities Response
Crime
Defendant's Actions
Qian conducted an investment scam in China.
Authorities Response
UK authorities investigated the case and made an arrest.
- Defendant
- Zhimin Qian (also known as Yadi Zhang)
- Charges
- Illegally acquiring and holding over 61,000 bitcoins
- Bitcoin Value
- $6.7 billion
- Location
- Southwark Crown Court, London
- Fraud Details
- Defrauded over 128,000 people in China through investment scam (2014-2017)
- Accomplice
- Jian Wen (sentenced to 6 years, 8 months)
