The United Kingdom police reportedly stated that the seizure was the “largest of its kind” in the nation’s history, with a sentencing date set for May.
A hospitality worker has reportedly been found guilty of money laundering in a United Kingdom specialized court for major fraud cases, following the discovery of $2.5 billion worth of Bitcoin (BTC) in her possession.
According to a recent BBC report, the Southwark Crown Court has found Jian Wen of laundering money using Bitcoin to purchase “multi-million pound houses and jewellery.” The investigation involved scrutiny of 48 electronic devices and thousands of digital files, many of which were translated from Mandarin.
Wen’s change in lifestyle was what drew the attention from the authorities. In 2017, she reportedly went from living in a flat above a Chinese restaurant to renting a six-bedroom house in North London costing approximately $21,420 per month.
