This case has also attracted much attention from investors in both countries because of "British police seizing 61,000 bitcoins" and a 40 billion illegal absorption of public deposits case that occurred in China many years ago.
JinseFinanceDuring the investigation of a money laundering case, UK police seized over 61,000 bitcoins. Chinese woman Jian Wen was sentenced to 6 years and 8 months in prison on May 24 for money laundering. She had earlier attracted the attention of UK police for attempting to purchase a luxury mansion in London worth over £10 million. Prosecutors stated that between 2014 and 2017, Wen helped conceal the origins of a large sum of stolen funds, which came from a wealth management fraud scheme involving nearly 130,000 Chinese investors.
Cheng Yuan61,000 bitcoins are not all the property involved in the case. The case involving Jian Wen and his employer Qian Zhimin urgently requires us to think about how to conduct effective international judicial cooperation in virtual currency criminal cases.
JinseFinanceSince the birth of cryptocurrency, characteristics such as "decentralization" and large price fluctuations have created convenience for organized criminals to transfer assets.
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