The Metropolitan Police seized more than ￡1.4bn worth of bitcoin derived from a huge investment fraud in China, a London court heard on Tuesday, one of the largest seizures of the cryptocurrency by law enforcement globally.
The disclosure came during the trial of Jian Wen, 42, who is accused of laundering bitcoin on behalf of her former employer, an alleged fugitive from the Beijing authorities. Wen has pleaded not guilty.
In 2018 the UK police seized four separate devices containing more than 61,000 bitcoin from a safety deposit box and a property where Wen and her then-employer, Yadi Zhang, lived at the time, Southwark Crown Court heard.
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