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International

Fraudster who hid in London is jailed over £5.5bn bitcoin scam

todayNovember 11, 2025

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Zhimin Qian cheated 128,000 victims in China through a Ponzi scheme before going on the run for six years

A fraudster has been jailed over a scam that led to the UK’s largest ever cryptocurrency seizure of bitcoin worth more than £5.5bn.

Zhimin Qian, 47, defrauded more than 128,000 victims in China through a Ponzi scheme before fleeing to the UK as an international fugitive.

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Source: www.theguardian.com

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Written by: truelightfm

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