In March this year, Wen Jian was sentenced to six years in prison by a London court for money laundering, and Ross Ulbricht thanked Donald Trump for promising to release him.
Bitcoin launderer arrested after purchasing luxury property
On May 24, Wen Jian, a British Chinese woman, was sentenced to six years and eight months in prison by the Southwark Criminal Court in London for participating in money laundering of more than $1 million worth of Bitcoin.
A $6.3 billion fraud case involving China.
According to the Law Society Gazette, Ms. Wen, a former hotel worker, was caught after being questioned by a local law firm on a Know Your Client (KYC) basis when she tried to buy a multi-million dollar property in London.
She was found guilty in March of participating or taking part in money laundering.
Wen laundered money for her former boss Zhang Yadi, who claimed Wen was innocent. Wen has not been charged with involvement in the original fraud, according to the Financial Times.
Win's lawyer Mark Harris said Win had "no doubt" he had been deceived and taken advantage of, but Judge Sally Ann Hales said Win had "no doubt" that she "knew, not just suspected, that you were dealing in the proceeds of crime".
Ross Ulbricht thanks Trump for pardon promise
Jailed founder of online black market Silk Road Ross Ulbricht has thanked Donald Trump for promising to release him if he is re-elected president.
"Last night, Donald Trump promised to commute my sentence on day one if re-elected. Thank you. Thank you. Thank you," Ulbricht wrote in a May 26 X post. His account is managed by his family, and he dictates posts from prison.
Ulbricht was sentenced to life in prison in 2015 for his role in owning and operating Silk Road and has served ten years of his sentence without the possibility of parole.
"We're going to bring him home," Trump told the crowd at the Liberty Party convention.
Coinbase’s ‘Pro-Crypto’ Lobbying Campaign Launches in the UK
Coinbase’s cryptocurrency advocacy nonprofit, Stand with Crypto, has officially launched its first international expansion in the United Kingdom.
Coinbase said in a blog post on May 24 that its new U.K. arm held a launch event at the U.K. Parliament, which was reportedly attended by around 100 crypto industry practitioners, investors, academics, and media.
Coinbase claims the UK is its “largest international market” with “over 6 million cryptocurrency holders.”
Earlier this month, Stand with Crypto formed a political action committee (PAC) ahead of the U.S. presidential election in November.
