Reported 8 months ago
A woman in the UK was sentenced to nearly seven years in prison for money laundering after converting bitcoin into cash and property to conceal the proceeds of a $6.4 billion fraud involving stolen money from Chinese investors. While she was not involved in the initial fraud, prosecutors stated that Wen Jian helped hide the money, leading to one of the largest cryptocurrency seizures by law enforcement globally. The woman denied the charges but was found guilty of one count of money laundering and received the prison sentence.
Source: YAHOO