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Jian Wen, an accomplice of the infamous "Crypto Queen," has been sentenced to six years and eight months in prison for her involvement in a Bitcoin money laundering scheme. Wen was found with a wallet containing 61,000 Bitcoins, which were seized by police in 2018. She was accused of acting as a "front person" for her employer, Yadi Zhang, who is accused of defrauding 130,000 Chinese investors of $5.6 billion. Wen attempted to purchase expensive properties in London, but anti-money laundering checks led to the cancellation of the purchases. Despite claiming low incomes, Wen upgraded to a six-bedroom property in London and funded her son's move from China to the UK. She was convicted on one count of money laundering involving 150 BTC valued at nearly £8 million. This case is part of a crackdown on cryptocurrency money laundering, which has significantly impacted investors by undermining the integrity of the digital asset market. Other recent cases include Daren Li and Yicheng Zhang, who were apprehended for laundering at least $73 million through shell companies connected to cryptocurrency investment schemes. These cases underscore ongoing efforts to combat illicit activities within the cryptocurrency realm.
