洗钱

40.2 billion turns into 50 billion: Qian Zhimin's Bitcoin, can it return to China?

🔥 The century-old recovery battle escalates: from the "Queen of Blockchain" to tears behind British bars

Chinese businesswoman Qian Zhimin's dream of illegally raising 40.2 billion collapsed! In 2014, she sold a high-return scam of "mining + health" at Tianjin Lantian Ge Rui Company, deceiving 128,000 middle-aged and elderly investors, converting their hard-earned money into 195,000 BTC.

In 2017, she escaped to London with a fake passport, taking away 70,000 coins, which was only 300 million pounds at the time, but now the 61,000 coins locked in assets have soared to 5 billion pounds (about 48 billion RMB)! On November 11, 2025, she pleaded guilty and was sentenced to 11 years and 8 months, her assistant Wen Jian received 6 years, and a Malaysian accomplice nearly 5 years.

📉 Scam black hole: Whose money bought BTC?
The funding chain is complicated: investors often transfer through promoters, making proof difficult! Chinese victims have jointly appealed to the Ministry of Public Security, and Tianjin police reported on October 30: Sino-British intelligence exchange breakthrough, mutual recognition of evidence, collaborative recovery. The Hedong District clearance group announced: reporters who haven’t registered will be verified from October 31 to December 29, which will become the basis for refunding. The UK Crown Prosecution Service plans to set up an "International Crypto Victims Fund", but will the principal be refunded or will it all be compensated? Experts say: the appreciation may go into the UK treasury, with a budget gap of 30 billion pounds being an "unexpected surprise".

⚖️ Hearing postponed: dawn or mirage?
The Supreme Court hearing on Bitcoin disposal, originally scheduled for November 17, has been pushed to January 2026—criminal and civil proceedings run concurrently, and sharing evidence takes time. Qian Zhimin disclosed an additional wallet in prison (67 million pounds BTC + Ripple), but claimed that 20,000 coins were "lost in the password", worth 12.5 billion! Fudan Professor Yan Lixin: This is an "epic" of anti-money laundering, with diplomatic games determining the outcome. Is there a chance for victims to "lie down and win"? Full compensation or profit, but proving the flow of funds is the biggest pain point.

🔥 Global warning: When will crypto investors wake up?
X is abuzz: #CryptoCrime monthly headline, netizens sigh "3% BTC supply whale GG, market reshuffle"! Compared to major cases, Qian Zhimin holds 61,000 coins leading the pack. DYOR before investing, don’t believe in "lying down to earn"—the Upbit hacking case is a lesson of 44.5 billion KRW worth of tears.

Is your wallet safe? Comment battle: Share a piece of the pie, China or the UK? 🚀

$BTC $ZEC $SOL

#比特币 #洗钱

👿This guy makes a lot of money, right? How dare you stay in the UK with such a huge sum? What a lawless maniac

100X community news:
Woman accused of helping fraudsters launder around £5bn using Bitcoin

On January 30, the Financial Times reported that 42-year-old Wen Jian was charged with three counts of money laundering for assisting a Chinese woman named Yadi Zhang to launder money.

According to prosecutors, Zhang stole about £5 billion from more than 128,000 Chinese investors through wealth management fraud between 2014 and 2017, then converted the money into Bitcoin and arrived in London in 2017 under a false identity.

Wen is accused of helping Zhang convert some of the Bitcoins into cash, jewelry and other luxury goods, and property.

#洗钱 #诈骗 $BTC $SOL $ETH

Hong Kong Customs successfully cracked a criminal group suspected of money laundering and arrested three local persons suspected of being involved in the case. It is reported that the group is suspected of using virtual currency trading platforms and company accounts opened by multiple local banks to handle more than 1.8 billion yuan of funds from unknown sources. Customs officers tracked down the three local persons based on intelligence and launched a financial investigation. The investigation found that the three people conducted more than 1,000 suspicious transactions between June 2021 and July 2022 by opening multiple local companies and multiple bank accounts, including funds transferred from virtual currency trading platforms, involving an amount of more than 1.8 billion yuan.
#洗钱

A former executive of a Beijing-based technology company was sentenced to 14 and a half years in prison for embezzling 140 million RMB and laundering money through #加密货币 #洗钱 .

The executive, whose surname is Feng, fabricated bonus distributions and transferred the funds to eight overseas exchanges, laundering money using assets such as BTC.

Authorities have recovered over 90 #BTC , approximately 11 million USD 💰

This case has been included in the government report, revealing the rising trend of crypto fraud in China's tech sector 📉

Don't think money laundering is far from you; from virtual currencies, NFTs to cross-chain, DeFi, tricks are rampant.
This image clearly explains the process of "how dirty money becomes clean" and common methods.
After reading, you'll realize: not all "profits" should be easily recorded. #洗钱 #加密货币诈骗 #金融安全 $BTC
$BNB
$SOL

🔥 Hacker who stole $4.5 billion in Bitcoin becomes key witness in US government money laundering case

100X community news:

On February 28, Bloomberg reported that Ilya Lichtenstein, a hacker who stole billions of dollars from the cryptocurrency exchange Bitfinex, targeted the currency mixing service Bitcoin Fog at a meeting in Washington on Tuesday. A cooperating U.S. government witness at the trial revealed details of how he carried out one of the largest Bitcoin thefts in history. Lichtenstein revealed that he had access to Bitfinex systems for months and hacked into personal accounts at other crypto exchanges such as Coinbase and Kraken. Last year, he and his wife, a social media rapper who calls herself the "Wall Street Crocodile," pleaded guilty to money laundering offenses related to the hacking. Lichtenstein testified in court that he used a service called Bitcoin Fog as many as ten times to launder money. U.S. prosecutors charged Roman Sterlingov with operating the coin-mixing service that allegedly received tens of millions of dollars from darknet markets that trafficked illegal drugs. Lichtenstein's testimony further sheds light on the motivations behind the 2016 Bitfinex hack and how he managed to launder millions of dollars. The U.S. government alleges that the pair conspired to launder $4.5 billion in stolen Bitcoins at the time, $3.6 billion of which the government had already seized, making it the largest financial seizure in history. Lichtenstein also revealed that he decided to hack the exchange because of the difficulties his San Francisco-based tech startup was facing. "My business was in trouble and I was very tired," he told the jury.

#洗钱 #热门话题 #黑客攻击 $BTC $ETH

Recently received many messages from crypto friends asking which cryptocurrencies, apart from BTC, I think will perform well in the long run. It is definitely Monero.
In the early days, Bitcoin was the payment method on the dark web because it was difficult to link a wallet address to a real person or organization, making it convenient for money laundering.
However, now Bitcoin on the blockchain can be tracked and monitored, meaning that dirty money can be traced, so Bitcoin is no longer suitable for money laundering. (Bitcoin: transaction records are public and transparent, addresses can be traced (for example, you can check how much BTC a certain address has received)
Monero is an anonymous cryptocurrency, where the sender, receiver, and transaction amount are all encrypted and untraceable on Monero's blockchain, making it very suitable for money laundering.
Since the demand for money laundering has always existed, the future of Monero is promising. Additionally, mining Monero is still relatively easy, as it can be mined with a CPU, and it's not too late to accumulate now.

Monero (XMR) was born in 2014, focusing on privacy protection and decentralization, known as the "father of privacy coins." Unlike Bitcoin, XMR's transaction information is hidden by default, with amounts and addresses encrypted, truly achieving "trace-free transactions."

Core advantages: Privacy technology
1️⃣ Ring Signatures
Each transaction is mixed with multiple virtual signatures, hiding the sender's identity like an invisibility cloak, making it difficult even for experts to trace.
2️⃣ Stealth Address
A new address is automatically generated for each transaction, and the real address of the receiver is never exposed, perfectly protecting the privacy of both parties.
3️⃣ RingCT encrypted amounts
The transaction amount is also encrypted, and others can only see "*****", keeping the transaction numbers confidential.
#洗钱 #BTC $BTC
$XMR

#XMR

The 30 billion money laundering case in Singapore in 2023 has just settled down, and now another case has emerged involving the Chen family office of the Cambodian prince group laundering money in Singapore.

Singapore is the economic hub of Southeast Asia, and it is very difficult to completely clear its name. The funds placed by the prince group in the Singapore family office are most likely clean money, and no dirty money has entered Singapore, so it cannot be traced.

This is entirely because in October of this year, the United States charged Chen with the prince group's involvement in telecom fraud and money laundering, seizing Chen's 15 billion USD worth of Bitcoin, which has now affected his family office in Singapore.

#太子集团
#洗钱

🚨Ripple CLO slams US regulators, saying cryptocurrency has become an innocent scapegoat for its money laundering allegations!

The cryptocurrency industry has ushered in another war of words! Stuart Alderoty, chief legal officer of Ripple Labs, recently spoke out on social media, criticizing US regulators for unfairly targeting the cryptocurrency industry when dealing with money laundering issues, while turning a blind eye to similar problems in traditional banks.

🏦 Alderoty's remarks came after the Wall Street Journal revealed major loopholes in the New York Federal Reserve's anti-money laundering measures. The report pointed out that some Iraqi banks used the Federal Reserve system to illegally transfer billions of dollars, and some of the funds even flowed to Iran's Islamic Revolutionary Guard Corps.

Although US authorities have taken action to block the offending banks, the Wall Street Journal reported that the Fed took action after more than a decade of negligence, even after receiving warnings from the Pentagon about illegal financial activities.

💸 At the same time, Alderoty believes that institutions such as the US Securities and Exchange Commission (SEC) and the Federal Reserve have used cryptocurrencies as scapegoats, while ignoring more serious violations in the traditional banking industry.

XPR's lawyer John Deaton also mentioned some startling statistics. According to statistics, less than 1% of cryptocurrency transactions are related to illegal activities. According to the United Nations, the amount of money laundered through the traditional financial system each year is as high as 800 billion to 2 trillion US dollars.

🏦 These include large banks such as HSBC, JPMorgan Chase and Bank of America, which have been reported to be involved in money laundering for drug cartels and other illegal activities. Despite this, the focus of US regulators remains on cryptocurrencies.

Ripple CEO Brad Garlinghouse expressed a similar view, believing that the US government's hostility to cryptocurrencies has had a destructive impact on the development of the industry.

💬 The incident once again highlighted the tension between cryptocurrencies and the traditional financial system. How do you think regulators can achieve a regulatory balance between these two areas?

#Ripple #加密货币 #洗钱 #监管机构 #金融体系