“Cryptoqueen” Arrested in London, IDR 95 Trillion Worth of Bitcoin Revealed!

Jakarta, Pintu News – A woman who fled China to a London mansion has been sentenced to 11 years and eight months in prison for money laundering. Qian Zhimin, who used funds from thousands of Chinese pensioners to buy cryptocurrency, has now been found guilty.

His fraud scheme involved promises of high-tech health product development and Bitcoin mining, which turned out to be a front to embezzle investor funds. Read the full chronology in this article!

Arrest and Disclosure

After fleeing to the UK, Qian Zhimin rented a luxury mansion in Hampstead for over $17,000 per month. To finance his lifestyle, he needed to convert his Bitcoin (BTC) into other assets such as cash and property.

The Metropolitan Police eventually raided the mansion and found hardware containing tens of thousands of Bitcoin (BTC), which is one of the largest cryptocurrency seizures in the world.

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Modus Operandi and Impact on Victims

More than 100,000 Chinese people have invested their money into Qian’s company, which promised huge profits. However, in reality, the funds were used to pay previous investors, not from Bitcoin (BTC) mining proceeds as promised. Many victims, including Mr. Yu, suffered huge losses that led to financial and family ruin.

After Qian’s arrest, the victims hope to claim back some of their investment through a “proceeds of crime” case that will start next year. However, this process will not be easy as they will have to prove their claims, and many did not transfer money directly to Qian’s company. Meanwhile, the UK government could potentially benefit from the unclaimed funds.

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Reference

• BBC. Cryptoqueen who fled China for London mansion jailed over £5bn Bitcoin stash. Accessed on November 13, 2025
• Featured Image: Generated by AI