from Hacker News

Woman found with £2B in Bitcoin jailed

by user20180120 on 5/29/24, 10:52 AM with 19 comments

  • by nextaccountic on 5/29/24, 1:00 PM

    What is "a crime linked to money laundering"? Was she convicted just of money laundering or had additional charges?

    She claimed that she mined the Bitcoin. Did the prosecution find that she obtained it another way? If so which way?

  • by gilleain on 5/29/24, 12:28 PM

    Feels like this short article could have included the context that this was the associate (valet, of sorts) for Zhimin Qian the 'crypto queen'.

    KiraTV did a video on her : https://www.youtube.com/watch?v=O8zu1622TH4

  • by andirk on 5/29/24, 7:21 PM

    What measures do we have to prove someone mined the bitcoin personally? Similar to how one can say they sold a bunch of copper that they dug out of the ground when really they were paid in copper by illegal sources.

    The block's "coinbase" mints the reward coins sends it to an address. Put that BTC into one of those privacy coins and back out. Where's the connection to the block it was mined from? Gotta be some fingerprints somewhere.

    And...

    > it has since increased to around £3.4bn.

  • by pjc50 on 5/29/24, 12:41 PM

  • by Lockal on 5/30/24, 4:44 AM

    Even assuming that bitcoins are indeed were directly mined, it's ridiculous how asymmetrical the modern world is about some things:

    "I (personally) issued counterfeit bills and was able to purchase real estate with them" - that's a federal crime

    "I (personally) issued a cryptographically signed statement that I own quadrillions of Satoshi bills and was able to purchase real estate with it" - that's perfectly legal

  • by jmclnx on 5/29/24, 1:18 PM

    I do not understand, was the 2B hers or was she just laundering other people's coin ?

    If it was hers, why seize the full amount ? Is this another case of not allowing a serf not joining an exclusive club ?

    Yes if laundering the Jail sentence seems fine, but the seizure ? I do nor know.

  • by mdhb on 5/29/24, 12:11 PM

    “Found”