Record Cryptocurrency Seizure in UK Linked to China Money Laundering Case

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Record Cryptocurrency Seizure in UK Linked to China Money Laundering Case

An undated custody image of Qian Zhimin, who is also known as Zhang Yadi, who admitted to money laundering charges at Southwark Crown Court in London on Sept. 29, 2025. The Metropolitan Police

A Chinese woman pleaded guilty to money laundering in a London court on Sept. 29, following a record seizure of cryptocurrency worth 5.16 billion pounds ($6.93 billion).

On the first day of her trial at Southwark Crown Court, Qian Zhimin, also known as Zhang Yadi, changed her plea and admitted to one count of possessing criminal property and one count of transferring criminal property.

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