In a significant ruling, a Chinese woman dubbed the ‘Bitcoin Queen’ has received an 11-year and eight-month prison sentence in London. This sentence is a consequence of her involvement in a cryptocurrency investment scheme that defrauded investors of £5.5 billion, equivalent to around $7.3 billion. Her role primarily involved laundering the Bitcoin generated from this fraudulent scheme, which attracted a considerable number of unsuspecting victims.
The case highlights the ongoing challenges faced by law enforcement in combating cryptocurrency-related crimes. Such large-scale scams pose a significant threat to investors and the integrity of the financial system. The long sentence reflects the severity of the crime and serves as a warning to others considering similar actions. While specific details of the scheme’s operation were not fully disclosed, the implications of this case resonate in the broader context of cryptocurrency regulation and enforcement efforts.
👉 Pročitaj original: BleepingComputer
