Chinese Woman Denies UK Bitcoin Laundering Charges

In a London court, Zhimin Qian, who is also known as Yadi Zhang, said he was not guilty of laundering Bitcoin

Bloomberg says that Qian, from China, was arrested in April and charged with two counts of moving money. The Criminal Prosecution Service in the UK says that before April 23, Qian had illegal cryptocurrency and sent it to other people as part of a bigger scheme.

Zhimin Qian and Jian Wen: Jian Wen was sentenced to more than six years in jail for her part in the money laundering plot, and authorities say Qian hired her. In 2018, police searched Wen’s home and found 61,000 Bitcoins, now worth over £3 billion ($4 billion).

Investigators say that Wen’s arrest led them to Qian, who has been called the “Crypto Queen.” She is charged with stealing $5.6 billion from 130,000 Chinese clients from 2014 to 2017. Despite these claims, Qian says he has not done anything illegal and wants to fight the charges.

The trial will start in September 2025 at Southwark Crown Court. Seng Hok Ling, another defendant, has also pleaded not guilty to charges connected to this case.