'Cryptoqueen' facing jail after huge bitcoin seizure
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 11 November 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: A Chinese woman will be sentenced in London later for her role in a Bitcoin scam worth billions of dollars. Qian Zhimin was convicted of trying to launder more than sixty thousand bitcoins, now worth around six-and-a-half billion dollars, following Britain's largest ever seizure of cryptocurrency. We hear from some of the investors who were scammed as part of the fraud.
Transcript
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| 0:00.0 | At Pluralsight, we don't just teach skills. |
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| 0:08.6 | Lead with confidence, lead with expertise. |
| 0:11.1 | Visit us at Pluralsight.com to tap in and learn more. |
| 0:16.3 | Chinese investors who lost money in a multi-billion dollar Bitcoin fraud speak to the BBC. |
| 0:21.9 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:26.1 | I'm William Lee Adams. Good morning. |
| 0:28.8 | An investor who ended up in debt as a result of a huge cryptocurrency scam has told the BBC about the impact of the fraud |
| 0:35.4 | as the ringleader is due to be sentenced in a UK court. |
| 0:39.3 | Jiang Ji Min was convicted of trying to launder 61,000 Bitcoin assets, now worth around $6.5 billion, |
| 0:46.3 | taken from tens of thousands of investors in her native China. |
| 0:49.9 | Here's the BBC's Tony Hahn. |
| 1:00.8 | In this promotional video, Lantern Gehrie makes big promises. |
| 1:05.5 | Invest in its cryptocurrency, and you'll get massive returns. |
| 1:09.9 | The mastermind of the scheme was a middle-aged woman called Qianzimin. |
| 1:12.6 | More than 100,000 people across China invested. A man we are calling Yu, who spoke to us on condition of anonymity, took out |
| 1:18.5 | loans and invested everything into the company. I suppose we were just too weak to resist. |
| 1:25.0 | They just pumped up our dreams until we lost all self-control. For a while, |
| 1:31.4 | he was getting daily returns, but then, in 2017, it all came crashing down. Law enforcement now |
| 1:38.4 | say the whole thing was a massive scam. You's marriage collapsed, and he found himself mired in |
| 1:44.1 | debt. |
| 1:44.9 | Many families have been broken up. People have been left without money to pay for medical |
... |
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