Live Crypto News - Nov 12th
Chinese Bitcoin fraudster jailed 11 years in UK – Qian Zhimin, a Chinese national behind a $6 billion Bitcoin scam, has been sentenced to 11 years in prison by a London court. Police seized 60,000 BTC, the largest cryptocurrency haul in UK history, after discovering her stash hidden in a Hampstead mansion. The scam defrauded over 120,000 investors in China, promising fake crypto-mining profits. Authorities will decide next year what happens to the seized Bitcoin.
