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China’s Yadi Zhang pleads guilty to a £5 billion crypto fraud in London
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News – Cryptopolitan
A woman from China Yadi Zhang, a crypto laundering mastermind has pleaded guilty in a London court for her role in what is believed to be the world’s largest cryptocurrency seizure, currently worth more than £5 billion.
Zhang had reportedly fled China using a fake St Kitts and Nevis passport in 2017 and entered the UK.
A year later, she attempted money laundering by purchasing properties with the assistance of 43-year-old Jian Wen, a Chinese takeaway worker.
Zhang reportedly fled after police raided the Hampstead mansion, also known as the Manor House, where they seized a safety deposit box that contained digital wallets that had huge amounts in bitcoin.
Recently EU member states stopped a crypto scam that resulted in heavy losses for victims in about two dozen countries.