BTC Price Index and Live Chart – CoinDesk”>(BTC) from an investment fraud operation in China, the Financial Times reported on Wednesday.

The seizure was reported to a London court on Tuesday, as part of Jian Wen’s ongoing trial. She is accused of laundering Bitcoin for her former employer Yadi Zhian, whose real identity is Zhimin Qian.

The FT reported that U.K. Police seized four devices containing more than 61,000 BTC in 2018. These devices were worth 1.4 billion pounds when they were recovered all in July 2021.

Zhang converted the stolen 5 billion pounds into bitcoin. Southwark Crown Court heard that she has fled since and is currently running.

Wen is being tried for helping convert some of Zhang’s bitcoins into cash, real estate, jewelry and other luxury items.

In 2018, she also attempted to purchase a property in London for 12,5 million pounds, but the law firm that handled the transaction was unable to verify the source of the bitcoin.

German Police Seize $2.1B in Bitcoins during Piracy Sting

Aoyon A. Ashraf is the editor.