What led to Chinese ‘cryptoqueen’ being sent to prison in UK

On Tuesday, a British court handed 47-year-old Zhimin Qian a prison sentence of more than 11 years after it found her guilty of scamming 1,28,000 people in China. Qian, dubbed the ‘cryptoqueen’ for owning Bitcoin worth $6.6 billion in hard drives, floated a Ponzi scheme, Lantian Gerui, or Bluesky Greet, in China. The scheme targeted Chinese middle-aged and senior citizens offering over 200 per cent returns, and enticing the demographic through large-scale events including at the Great Hall of the People, the federal legislature of China, as well as endorsements from members of Mao Zedong’s family, the BBC reported. The…