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28 Nov 2025

Inside the £5bn Bitcoin Scam: How Qian Zhimin Fooled Everyone

Inside the £5bn Bitcoin Scam: How Qian Zhimin Fooled EveryoneAt the height of China’s digital finance boom, one woman rose above them all, a polished, fearless visionary who promised the future. To her followers, she was the “Crypto Queen.” To her investors, she was the key to generational wealth. But behind the name Zhimin Qian and her new identity, Yadi Zhang hid one of the most sophisticated blockchain crimes the world has ever seen. This is the story of how China’s Cryptoqueen built a billion-dollar illusion. A tale of cryptocurrency fraud so massive it swept up more than 128,000 victims. Of money quietly funneled through shell companies, converted into tens of thousands of Bitcoin, and laundered across borders until it vanished into the blockchain. For years, she lived in luxury across Europe, hiding in plain sight until the Met Polic

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