More than £8.5m from Cryptoqueen scam returned Court ultimatum for 'cryptoqueen' wanted by FBI Revealed: The Cryptoqueen's £13.5m London penthouse Guernsey seizes almost £9m from 'cryptoqueen'

The money was linked to Dr Ruja Ignatova, 45, known as the Missing Cryptoqueen, who is wanted by the FBI for orchestrating a $4.5bn (£3.3bn) scam called OneCoin.

Guernsey's Royal Court determined in January that £8.59m held by Ignatova, who disappeared after an arrest warrant was issued for her in the US in 2017, in an account at RBS International on the island should be seized.

The money will now be returned to Germany to help compensate people who lost out in the scam, said Guernsey's Economic and Financial Crime Bureau (EFCB), which led the investigation.

EFCB said its Financial Intelligence Unit (FIU) began developing intelligence on Ignatova in January 2017 and stayed closely involved for years, working with partners at home and overseas.