UK police holding $2.6 billion in bitcoin in money laundering trial ...Middle East

The FT reports from a trial in London where Jian Wen, 42, is accused of laundering bitcoin on behalf of her former employer, who is a fugitive from Beijing authorities.The report says that in 2018, UK police seized four separate devices containing more than 61,000 bitcoin in a safety deposit box. At the time, that was worth $1.8 billion but at today's prices it would be worth more than $2.6 billion.That's a not-insignificant sum. For context, the largest bitcoin ETF so far holds (IBIT) holds $2.67 billion.The trial traces back to Zhimin Qian, who allegedly stole roughly $6 billion from more than 128,000 investors, mostly in China. She then fled to the UK and remains at large.Police say Wen

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