A British court is set to deliver its verdict in the case of Qian Zhimin, a Chinese businesswoman accused of laundering billions of dollars through Bitcoin.
Prosecutors say Qian played a key role in what authorities have called China’s largest cryptocurrency money-laundering operation. She allegedly moved nearly 50 billion yuan (around $7 billion USD) in illicit funds through digital wallets and crypto exchanges before fleeing to the United Kingdom.
During the trial, the 42-year-old admitted to her involvement and faces a potential 14-year prison sentence. Her defense lawyer, Richard Thomas, asked the court for leniency, citing her clean criminal record and positive behavior in custody.
“She has no prior offenses and has shown genuine rehabilitation,” Thomas said, adding that Qian has spent her time in detention learning English and writing poetry about her experiences.
The case has attracted global attention since her arrest in London in 2023, highlighting growing concerns about the use of cryptocurrencies in cross-border financial crimes. Authorities allege the laundered funds came from online fraud and illegal gambling operations in China.
A final verdict is expected soon, and legal experts say the outcome could shape future international efforts to combat crypto-related money laundering.
More updates will follow as the court concludes proceedings.
