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Chinese woman convicted after ‘world’s biggest’ bitcoin seizure

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Zhimin Qian, also known as Yadi Zhang, was convicted on Monday [BBC]

A Chinese national has been convicted following an international fraud investigation which resulted in what’s believed to be the single largest cryptocurrency seizure in the world.

The Metropolitan Police says it recovered 61,000 bitcoin worth more than £5bn ($6.7bn) in current prices.

Zhimin Qian, also known as Yadi Zhang, pleaded guilty on Monday at Southwark Crown Court of illegally acquiring and possessing the cryptocurrency.

Between 2014 and 2017 she led a large-scale scam in China which involved cheating more than 128,000 victims and storing the stolen funds in bitcoin assets, the Met said in a statement.

It said the 47-year-old’s guilty plea followed a seven-year probe into a global money laundering web which began when it got a tipoff about the transfer of criminal assets.

Qian had been “evading justice” for five years up to her arrest, which required a complex investigation involving multiple jurisdictions, said Detective Sergeant Isabella Grotto, who led the Met’s investigation.

She fled China using false documents and entered the UK, where she attempted to launder the stolen money by buying property, said the Met.

“By pleading guilty today, Ms Zhang hopes to bring some comfort to investors who have waited since 2017 for compensation, and to reassure them that the significant rise in cryptocurrency values means there are more than sufficient funds available to repay their losses,” said Qian’s solicitor Roger Sahota, of Berkeley Square Solicitors.

But some reports have suggested the UK government will seek to retain the seized funds.

The BBC has approached the Treasury and the Home Office for a response.

Reforms to crime legislation under the previous Conservative government aimed to make it easier for the UK authorities to seize, freeze and recover crypto assets.

The changes would also allow some victims to apply for the release of their assets held in accounts.

Qian had help from a Chinese takeaway worker named Jian Wen, who was jailed for six years and eight months last year for her part in the criminal operation.

Wen, 44, laundered the proceeds from the scam and moved from living above a restaurant to a “multi-million pound rented house” in north London, said Crown Prosecution Service (CPS) earlier this year.

She also bought two properties in Dubai worth more than £500,000, the CPS said.

The Met said it seized more than £300m worth of bitcoin from Wen.

Crown Prosecution Service The large home in North London that Jian Wen moved into in 2017. The picture shows a three-storey house with an expansive driveway. A grey car is parked next to the house, which has multiple large windows.
The North London property Jian Wen moved into in 2017 [BBC]

Chinese media outlet Lifeweek reported in 2024 that investors, mostly between 50 and 75 years old, had poured “hundreds of thousands to tens of millions” of yuan into investments promoted by Qian.

Some of the victims – including business people, bank employees and members of the judiciary – were reportedly urged to invest with Qian’s scheme by friends and family.

The investors reportedly knew little about Qian, who was described as “the goddess of wealth”.

“Bitcoin and other cryptocurrencies are increasingly being used by organised criminals to disguise and transfer assets, so that fraudsters may enjoy the benefits of their criminal conduct,” said deputy chief Crown prosecutor, Robin Weyell.

“This case, involving the largest cryptocurrency seizure in the UK, illustrates the scale of criminal proceeds available to those fraudsters.”

Monday’s conviction marks the “culmination of years of dedicated investigation”, which has involved the police and Chinese law enforcement teams, said Will Lyne, the Met’s Head of Economic and Cybercrime Command.

Qian is being held in custody ahead of sentencing, which will take place after a trial involving others linked with the case. The date of her sentencing has yet to be fixed.

The BBC has contacted the Chinese embassy in the UK for comment.

[BBC]


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Israel says it’s killed Ali Larijani, Iran’s security chief and Basij commander

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Israel has claimed two high profile assassinations of Ali Larijani, secretary of Iran’s Supreme National Security Council, according to Israel’s Defence Minister Katz, and the commander of the internal Basij militia, Gholamreza Soleimani, neither of which Iran has commented on or confirmed

Iranian state media published a handwritten note by Larijani, it is not clear whether it is intended as proof of life. Larijani’s note published on his social media outlets commemorates memory of Iranian sailors killed, hose funeral is expected to be held on Tuesday, in the US attack on their boat in international waters.

if confirmed, Larijani would be the highest level assassination in the war since United States-Israeli strikes killed the former Supreme Leader Ali Khamenei, and several members of his family on the first day of the war they launched on February 28.

Larijani was last seen publicly on Friday, attending the al-Quds day rally in support of Palestinians in Tehran, along with Iran’s President Masoud Pezeshkian.

Larijani has been a political figure in the Iranian hierarchy for years, at one time leading the nation’s nuclear negotiations with the West. He was also previously the Iranian Speaker of the Parliament.

The Israeli military also claimed in a post on X Tuesday that it had killed Gholamreza Sileimani, the commander of the Basij unit, the internal security paramilitary militia of the Islamic Revolutionary Guard Corps (IRGC).

[Aljazeera]

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Devon Conway, bowlers star as New Zealand make it 1-1

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Ben Sears struck early [Cricinfo]

New Zealand levelled the five-match T20I series against South Africa with a dominant performance in Hamilton. After being put in to bat on a surface the women’s sides praised for its batter friendliness, New Zealand relied on Devon Conway’s experience to post a challenging target.

They may even have felt they left a few runs out there as few stayed with Conway with the 48-run opening stand their highest. South Africa’s spinners were particularly expensive as Keshav Maharaj and George Linde conceded 78 runs in the six overs they bowled.

In the end, New Zealand scored exactly the same number of runs as they posted just over a month ago against South Africa, in the group game of the T20 World Cup. Then, South Africa eased to the target with 17 balls to spare. This time, they were bowled out for their 10th lowest score in the format: an exact mirror of what New Zealand’s line-up did in the first match. Only Linde scored more than 30 as Ben Sears and Lockie Ferguson took six wickets between them in an incisive display of quick bowling.

With South Africa women winning earlier in the day, both the men’s and women’s series are locked at 1-1.

Conway collects his highest in two years

Conway didn’t get any games at the T20 World Cup but showed he still has plenty to offer with an innings that provided a solid foundation for New Zealand to build on. He was productive on the leg-side from the get-go, when he flicked the first ball of the match through mid-wicket for four and scored 80% of his runs in that half of the field. That included both his sixes: the slog-sweep off Keshav Maharaj in the over after the Powerplay and his launch over long-on off Wiaan Mulder which brought up his fifty off 39 balls. Conway has not scored this many runs in 20 T20I innings, since February 2024. He was ready to up the ante as New Zealand entered the last five overs and tried to pull Wiaan Mulder but was cramped for room and top-edged. New Zealand were 124 for 4 with 27 deliveries remaining.

South Africa’s death bowling misses a trick

With Conway dismissed, and New Zealand 126 for 5 after 16 overs, South Africa had the opportunity to keep the hosts under 160 but their death bowling plans faltered. Nqobani Mokeona, the 19-year old, bowled a good 17th over that cost only seven runs and finished with excellent figures of 0 for 22 in four overs. Gerald Coetzee’s final over went for eight runs and brought the wicket of Jimmy Neesham before Ottneil Baartman’s last over cost 10 runs.

Keshav Maharaj came on to bowl at the end, and it went awry. Cole McConchie advanced on him to hit the first ball for six and then Josh Clarkson plundered 16 runs off the four deliveries. Maharaj’s plan to go wide of the stumps didn’t work as Clarkson chased it and finished unbeaten on 26* off nine balls. What may irk Maharaj most is that he had another option. Wiaan Mulder, playing a T20I for the first time since September 2024, bowled two overs for 14 runs and could have had one towards the end of the innings. South Africa conceded 42 runs in the last three overs.

New Zealand’s hat-trick of early strikes

South Africa were off to a solid start on 24 without loss after the first three overs but then trouble struck. In the fifth over, Connor Esterhuizen thought he had carved Sears in front of backward point, but Tim Robinson timed his jump well to take a good catch. In the next over, Mulder, opening for the first time in T20Is, worked his way to 16 off 20 balls before he also tried to cut but was beaten by turn and bounce from Mitchell Santer and caught in the covers. With both openers dismissed early, South Africa would have been looking for a big performance from Tony de Zorzi, the No.3 who was originally part of the T20 World Cup squad. But the left-hander fell victim to the McConchie curse (remember he dismissed Quinton de Kock and Ryan Rickelton in the T20 World Cup semi-final?) and top-edged a sweep to short fine. South Africa were 31 for 3 in the seventh over.

Santner gets Smith again and Sears steals the show

It’s gone from tough to tougher for finisher Jason Smith, who has been dismissed by New Zealand’s captain in successive matches. Smith was stumped for 10 in the first T20I off Santner’s bowling, as he lunged forward, and this time was caught for 12 as he top-edged a sweep. Smith handed a simple catch to Sears at short fine and will be concerned with his lack of runs on the tour so far. Sensing an opportunity to finish things off quickly, Santner brought Sears back on to replace and kill the game. Sears responded to plan and used the short ball well. He had both Dian Forrester and Gerald Coetzee caught on the pull to leave South Africa 91 for 7 after 13 overs and the game all but over. South Africa were bowled out in the 16th over.

Brief scores:
New Zealand 175 for 6 in 20 overs  (Devon Conway 60, Tom Latham 11, Nick Kelly 21,  Mitchell Santner 20, Cole McConchie 18*, Josh Clarkson 26*; Gerald Coetzee 1-28, Otnell Baartman 1-31, Keshav Maharaj 1-45, George Linde 1-33, Wiaan Mulder 2-14) beat South Africa 107 in 15.3 overs  (Wiaan Mulder 16, Rubin Hermann 19,  Jason Smith 12, Dian Forester   10, George Linde 33;  Ben Sears 3-14, Lockie Ferguson 3-16, Mitchell Santner 2-19, Cole McConchie 1-24, James Neesham 1-10) by 68 runs

[Cricinfo]

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Israel claims to have assassinated commander of Iran’s Basij militia unit

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Gholamreza Soleimani, a senior officer in the Islamic Revolutionary Guard Corps who commands Basij forces, attends a gathering during Basij Week in the Iranian capital Tehran [File: Aljazeera]

The Israeli military has claimed in a post on X Tuesday that it has killed Gholamreza Soleimani, the commander of the Basij unit, the internal security paramilitary militia of Iran’s Islamic Revolutionary Guard Corps (IRGC).

“Guided by precise intelligence from Military Intelligence, the Air Force conducted a targeted strike yesterday in the heart of Tehran, eliminating Gholamreza Soleimani, commander of the Basij unit over the past six years,” it said on Tuesday.

Iran has not commented on, nor confirmed this claim.

If confirmed, Soleimani would be the highest level assassination in the war since United States-Israeli strikes killed the former Supreme Leader Ali Khamenei, and several members of his family on the first day of the war they launched on February 28.

The US Treasury records Soleimani’s birth year as 1965. He has been sanctioned by the United States, the European Union, and other countries for his alleged role in suppressing dissent through the Basij.

[Aljazeera]

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