Key Facts
• British police raided and arrested a 47-year-old Chinese national.
• Suspect, dubbed ‘Crypto Queen,’ defrauded 130,000 people over 10 years.
• Approximately $7 billion in cryptocurrency assets were seized.
• Police confirmed this as the largest cryptocurrency seizure globally.
• The suspect laundered stolen funds by converting them into cryptocurrency.
• Authorities tracked her location through cryptocurrency transaction records.
• She lived lavishly while evading capture, staying in luxury hotels and buying expensive jewelry.
• The woman was sentenced to 11 years and 8 months in prison.
Summary
A 47-year-old Chinese woman, known as the ‘Crypto Queen,’ was arrested in the UK after defrauding 130,000 people in a decade-long investment scam. She laundered stolen funds by converting them into cryptocurrency, amassing assets worth approximately $7 billion. This marks the largest cryptocurrency seizure in history. Authorities tracked her through transaction records, leading to her capture. Despite being on the run across Europe, she lived a luxurious lifestyle, staying in high-end hotels and purchasing expensive items. The court sentenced her to 11 years and 8 months in prison.
