A woman accused of converting bitcoin into cash and property to help hide the proceeds of a £5 billion fraud was jailed for nearly seven years today for money laundering after a trial in a London court. — Reuters picLONDON, May 24 — A woman accused of converting bitcoin into cash and property to help hide the proceeds of a £5 billion fraud was jailed for nearly seven years today for money laundering after a trial in a London court.
The 61,000 bitcoin was worth around £1.4 billion when police gained access in 2021, prosecutors said during Wen’s trial. It is now worth over £3 billion. Judge Sally-Ann Hales said there was no suggestion that Wen had any involvement in the underlying fraud. But the judge told Wen that she had “no doubt that you knew” she was dealing with criminal property.