The authority’s suspicion was based on Wen's change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.charges by a United Kingdom specialized court in March was jailed for six years and eight months on May 24., the hospitality worker Jian Wen, 42, from Hendon, in north London, was found guilty of money laundering charges for converting the fiat currency into crypto assets, including multi-million-pound houses and jewelry. The $2.
During the investigation, the police examined 48 electronic devices and thousands of digital files, many of which were translated from Mandarin. The $2.5 billion Bitcoin case closely resembles the 2016 Bitfinex hack, where over $2 billion worth of Bitcoin was also stolen.but were eventually caught by the United States authorities. In both cases, the perpetrators were caught while attempting to cash out their BTC. Ultimately, their extravagant lifestyle was the primary reason for their capture.Critics frequently highlight such incidents to cast a negative light on cryptocurrency, arguing that it is commonly used for money laundering.
The Bitfinex hackers waited seven years before moving the funds, only to be caught. Similarly, many scammers and hackers have been apprehended, and stolen funds recovered, thanks to distributed ledger technology, which enables the tracking of these funds.
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