A British-Chinese woman, Jian Wen, has been sentenced to over six years in prison for her involvement in a bitcoin money laundering scheme. Wen's actions came to light when she tried to purchase luxury homes in London using funds from an investment fraud operation in China. The investigation led to the seizure of 61,000 bitcoins, valued at over $4 billion, making it the UK's largest crypto seizure. Despite declaring minimal income, Wen lived lavishly in London and made extravagant purchases. While not directly involved in the initial fraud, Wen was found guilty of converting bitcoins into cash for her boss. This case highlights the increasing use of cryptocurrencies by criminals to conceal illicit activities, as stated by Chief Prosecutor Andrew Penhale. The incident underscores the vast criminal proceeds accessible to fraudsters through cryptocurrency transactions. Read more AI-generated news on: https://app.chaingpt.org/news