Bitcoin scam
Chinese 'Cryptoqueen' Sentenced to 11 Years in UK for $6.6 Billion Bitcoin Fraud Scheme
Nov 12, 2025 05:16 pm CST
Zhimin Qian, dubbed the "cryptoqueen," has been sentenced to over 11 years in prison by a UK court for orchestrating a massive $6.6 billion Bitcoin fraud that affected more than 128,000 victims in China. This case involved the UK's largest cryptocurrency seizure of 61,000 Bitcoin as Qian lived extravagantly across Europe before her April 2024 arrest.
Chinese "Goddess of Wealth" Facing 14-Year Prison Sentence Over Historic $6 Billion Bitcoin Fraud Case
Nov 10, 2025 12:45 pm CST
Chinese businesswoman Zhimin Qian, nicknamed the "goddess of wealth," faces up to 14 years in prison after UK authorities seized over $6 billion in Bitcoin tied to a massive fraud scheme that victimized 128,000 people. After fleeing China in 2018, she attempted to launder proceeds through luxury property purchases before her arrest in 2024, marking the largest cryptocurrency seizure in history.
Enforcement Directorate Charges Raj Kundra with Possessing 285 Bitcoins Worth Rs 150 Crore in Cryptocurrency Fraud Case
Sep 27, 2025 03:35 pm CST
The Enforcement Directorate has filed a chargesheet against businessman Raj Kundra for allegedly possessing 285 Bitcoins worth Rs 150.47 crore received from crypto-scam mastermind Amit Bhardwaj. Despite claiming to be just a mediator, the ED asserts Kundra is the beneficial owner who has concealed wallet addresses and attempted to disguise the funds' criminal origin through transactions with his wife, actress Shilpa Shetty. The case relates to a larger Bitcoin Ponzi scheme that promised investors returns through mining operations that never materialized.