She claimed that she mined the Bitcoin. Did the prosecution find that she obtained it another way? If so which way?
> Wen tried to buy a string of expensive houses in London, but struggled to pass money-laundering checks and her claims she had earned millions legitimately mining Bitcoin were not believed.
> CPS chief crown prosecutor [..] said [...] cryptocurrencies "are increasingly being used by organised criminals to disguise and transfer assets [...]".
which is indeed money laundering, not tax evasion.
> On Monday she was convicted of entering into or becoming concerned in a money laundering arrangement.
Which sounds like she was facilitating money laundering without holding any criminal property herself. For a more comprehensive explanation, see e.g. https://www.jmw.co.uk/blog/business-money-laundering/three-m...
It sounds like what the US often calls "conspiracy to ...".
KiraTV did a video on her : https://www.youtube.com/watch?v=O8zu1622TH4
https://www.ft.com/content/60dd70f3-04f7-48fe-94ba-a34969ad7...
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.
A room filled with ASICs and a huge electricity bill or the rooftop covered with solar panels?
"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
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.
