In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China.
While Wen was not accused of direct involvement in the fraud itself, she was convicted of laundering the proceeds by converting the Bitcoin into cash and using the funds to purchase property, jewelry, and other luxury items. During the trial, Wen’s lawyer claimed that she had been “duped and used” by her boss, asserting that she was unaware of the criminal origins of the BTC she was handling.
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