Ling Seng Hok, a Malaysian living in the U.K., pleaded guilty on September 30 for helping Chinese national Qian Zhimin move the proceeds of a fraudulent investment scheme. Qian, who pleaded guilty to playing a leading role in the scam, had converted the profits into Bitcoin. The seven-year ongoing investigation led to the seizure of Bitcoin assets now worth about 5.5 billio. The London Metropolitan Police said in a that Qian fled from China to the UK, where “she attempted to launder the proceeds via purchasing property”
Source: OCCRP, 2025-10-10; https://www.occrp.org/en/news/exclusive-man-convicted-in-record-uk-crypto-seizure-case-bought-dubai-properties