DEVELOPING: Cryptoqueen Jailed in London Over £5bn Bitcoin Scandal

Breaking News: Cryptoqueen Jailed in London Over £5bn Bitcoin Scandal A British court has sentenced Qian Zhimin, a Chinese national, to 11 years and eight months in prison for money laundering. The conviction stems from a £5 billion Bitcoin stash seized by UK police in 2023. Qian, known as the Cryptoqueen, was found to have embezzled funds from thousands of Chinese pensioners who invested in her company, which claimed to develop high-tech health products and mine cryptocurrency. The Metropolitan Police raided Qian's mansion in Hampstead, north London, in 2023, making one of the world's largest crypto seizures. Qian's lavish lifestyle, which included travel and shopping, was funded by the stolen funds. Over 100,000 Chinese investors were affected by the scam. The court heard that Qian's motive was "pure greed." Judge Sally-Ann Hales described her as "the architect of this offending from its inception to its conclusion." The UK authorities are now working to recover the stolen funds and return them to the affected investors. This is a developing story, and we will provide updates as more information becomes available. The outcome of the case and the potential recovery of the stolen funds remain uncertain.