Jian Wen attempted to purchase a house worth $30 million using Bitcoin from an alleged fraudster.
Authorities reportedly confiscated Bitcoin worth $1.7 billion after a former restaurant worker attempted to buy a mansion worth about $30 million in London.
On Jan. 30, Sky News reported that Jian Wen, a Chinese national who became a British citizen in 2018, was allegedly recruited to assist Zhimin Qian in money laundering. Qian, who went to the United Kingdom under a false identity, needed help cleaning up the funds taken from an investment fraud scheme facilitated in China from 2014 to 2017.
Wen used to work at a Chinese restaurant in southeast London before meeting Qian. The takeaway worker lived in a room underneath the restaurant before she met her “boss,” whom she introduced as working in an international jewelry business.
Read more
Source: https://cointelegraph.com/news/30-m-mansion-purchase-1-7-b-bitcoin-seizure