Suspects attempt to launder Bitcoin through assets

It failed because they couldn't explain its source. The Financial Times reported that British authorities seized 61,000 bitcoins worth approximately 1.4 billion pounds, or $1.78 billion, related to

They caught an investment scam in China. The mastermind behind the scam, Ximin Qian, converted part of the profits from a £5 billion investment scam carried out in China between 2014 and 2017 into the top digital currency to seamlessly transfer funds out of the Asian country.

to facilitate

Kian, now identified as Yadi Zhang with a St Kitts and Nevis passport, moved to the UK in 2017. However, prosecutors said he has since left the country

He escaped and is still at large.

When Zhang asked Jian Wen for money laundering

The authorities discovered these fraudulent activities and in

Finally when trying to buy a £23.5 million mansion

In London, they attracted attention, this led to a police raid

to their £17,000-a-month rental flat which, as a result

Multiple digital wallets containing 61,000 Bitcoins

Foreclosed.#sanor016CommUNITY #BTC; $BTC $BTC