World’s Largest Crypto Laundering Case: 61,000 Bitcoins Seized in London

A UK court has convicted Chinese national Zhang Yaqin in the world’s largest cryptocurrency fraud, involving the laundering of over 61,000 bitcoins worth about $6.7 billion. Authorities said the funds were linked to a massive international investment scam, describing the case as a “landmark crypto-related investigation.”

Source MSN

According to prosecutors, Zhang laundered the money through complex transactions and property purchases in London, often working with accomplices such as Malaysian national Malong Sing Kit, who also pled guilty. The scheme highlighted how digital assets were increasingly exploited by organized crime to disguise illegal proceeds.

UK authorities are now moving to seize luxury assets, including high-end London properties, as part of confiscation proceedings. Investigators stressed that the case illustrates how cryptocurrencies are becoming a favored tool for large-scale fraud and global money laundering networks.