A Chinese language fraudster who wished to be queen of Justin Solar-led micronation Liberland and have the Dalai Lama anoint her “a goddess” has been sentenced by a UK courtroom to greater than 11 years in jail for her half in a $6 billion bitcoin (BTC) rip-off.
Forty-seven-year-old Qian Zhimin orchestrated the scheme in China earlier than fleeing to the UK in 2017. She was arrested seven years later in York and pleaded responsible to numerous legal expenses in 2025.
The Monetary Instances beforehand revealed the contents of her on-line diary, the place she expressed her need to grow to be ruler of Liberland.
Qian deliberate on constructing a Buddhist temple, an airport, and a port throughout the 7 km² area wedged between Croatia and Serbia. She additionally wished to splash $5 million on her personal crown and sceptre.
To high it off, she reportedly deliberate to flatter a British Duke and purchase her personal Swedish citadel.
As a way to grow to be queen, Qian would’ve needed to do some critical convincing — or much more critical overthrowing — because the unrecognised nation claims to be a republic with its personal democratic elections.
The nation’s founder, Vít Jedlička, at the moment holds the title of president, whereas controversial crypto billionaire Justin Solar has been elected because the area’s prime minister 5 occasions in a row.
TRON blockchain founder Solar additionally owns the crypto change HTX — initially known as Huobi — which was utilized by Qian to retailer crypto that had been transformed from the investor funds she misappropriated.
Destiny of Qian Zhimin’s $6B bitcoin stash to be determined subsequent 12 months
Qian’s scheme promised buyers dividends from crypto mining in addition to 300% returns from different funding merchandise. It was additionally endorsed by the son-in-law of Chairman Mao, and she or he was in a position to host conferences in considered one of China’s legislative halls.
Over 120,000 individuals had been defrauded earlier than she fled to the UK with £20 million value of BTC. She spent years laundering the funds with the assistance of a former takeaway employee whereas the stash of 60,000 BTC ballooned to over $6 billion.
Legal professionals have advised the BBC that hundreds of victims are hoping to get better their misplaced funds. They warned that the claims could be tough to show, nonetheless, as in some instances, funds got to native promoters who then relayed the funds to Qian’s enterprise.
The civil proceeds of crime case will reportedly happen early subsequent 12 months to resolve what to do with the bitcoin sum.
