The story that shook the world of digital finance 👇
The Chinese "Chimen Qian" (also known as Yadi Chang) was sentenced to 11 years and 8 months in prison by a British Southwark court after being convicted of leading one of the largest investment frauds in China's history, through which she embezzled funds from over 120,000 elderly investors. 😱
💥 Her empire “Lantian Gerui” promised people huge returns from cryptocurrency mining projects and health technologies — but in reality, it was just a massive pyramid scheme.
🏠 In 2017, "Qian" fled China with a fake passport and lived a lavish life in London, renting a luxurious mansion in the "Hampstead" area for $21,000 a month, before being arrested in April 2024.
The British police seized 61,000 bitcoins — worth about $6.4 billion today — in the largest cryptocurrency seizure in history! 💎
🧊 Her British partner "Sing Hok Ling" was sentenced to 4 years and 11 months in prison, while her former assistant "Jian Wen" was jailed last year for money laundering.
📖 "Qian"'s diaries revealed strange ambitions — from buying a castle in Sweden to becoming the “Queen of Liberland,” a micronation where TRON founder Justin Sun declared himself the Prime Minister! 👑
⚖️ A conflict has now erupted between Britain and China over who owns the seized bitcoin — should it be returned to the victim investors? Or should Britain retain it as part of the government asset recovery stimulus program?
💬 As one crypto analyst said:
“The world may witness the birth of the first British bitcoin reserve — born from fraud, and reborn as a financial power.” 🇬🇧💸
🧩 The question now is: Should Britain return the bitcoin to its owners? Or should it keep it as the first national reserve of cryptocurrencies? 💭#BinanceHODLerALLO #USGovShutdownEnd? #BinanceHODLerMorpho #BinanceHODLerMorpho
