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crypto glossary Part 10 now posted in binance feed articals enjoy reading ..& will continue daily updates ...

crypto glossary Part 10 now posted in binance feed articals

enjoy reading ..& will continue daily updates ...

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Ex-takeaway worker with Bitcoin worth more than £2bn jailed for six years.. The Bitcoin seizure is thought to be the biggest ever of its kind…. A former takeaway worker found with $BTC wallets worth more than £2 billion has been jailed for over six years following a five-year cryptocurrency investigation. Jian Wen, 42, was living in a flat above a Chinese restaurant in Leeds when she became involved in a criminal racket converting the cryptocurrency into assets including multi-million pound houses and thousands of pounds worth of jewellery. She was sentenced to six years and eight months' imprisonment at Southwark Crown Court on Wednesday for entering into or becoming concerned in a money laundering arrangement. Another suspect is thought to be behind the fraud but they remain at large. Wen’s new lifestyle saw her move into a six-bedroom house in north London in 2017, with rent of more than £17,000 per month, where she posed as an employee of an international jewellery business, and moved her son to the UK to attend private school, the Crown Prosecution Service (CPS) said. From autumn 2017 she tried to buy a string of expensive houses in London but struggled to pass money-laundering checks, and her claims that she had earned millions mining Bitcoin were not believed. She also travelled abroad, buying jewellery worth tens of thousands of pounds in Zurich and buying properties in Dubai in 2019 In March, Wen was convicted of one count of entering into or becoming concerned in a money laundering arrangement at Southwark Crown Court. The guilty charge is linked to 150 Bitcoin being laundered which at the relevant time had a value of £1.7million, but the Metropolitan Police said its investigation had linked her to a wider fraudulent operation and it seized more than 61,000 Bitcoin. The CPS obtained a freezing order from the High Court while it carried out a civil recovery investigation...
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