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“Recently, the largest fraud case appeared in the global bitcoin, which includes 60,000 rupees.”

A lady turned the stolen money into billions of rupees in Bitcoin and disappeared behind layers of encrypted governor that are evacuated in underground circles as a “goddess of digital wealth”, and reads the story like excitement.

The Chinese patriot, Jimin Chan, known for its theater, Yadi Zhang, has admitted that it is the mastermind of one of the largest fraud in the cryptocurrency in history on Monday in the Southern Crown Court in London.

Investigators from the Metropolitan police have regained 61,000 Bitcoin, which is the greatest cryptocurrency in the world, with a value of 60,000 rupees (5 billion pounds).

Electronic empire based on deception

Jimin Chan photographed the Leoner’s heir, with private aircraft, sports vehicles, and luxurious pentags. It was referred to as “the queen of encryption” and developed an atmosphere of financial domination.

However, under Glitz it was a global network of money laundering plans, shell companies, and false accounts. According to the authorities, Chan turned stolen money into Bitcoin and kept them in dozens of cryptocurrencies that were almost impossible to track.

Nubia and investigation

Chan’s activities were revealed during a three -year period of Forsini, which was conducted by the Economic Crime Command for the Capital Police. Investigators discovered a complex money laundering network that has transferred illegal money into Bitcoin after tracing hundreds of governor, Levant companies and international transactions.

Chan’s colleague also entered the approval of a comet with the help of the operation earlier this week.

Professor Trevini Singh, Internet crime expert and former officer

“These days, the laptop and the Internet are more powerful than the gun. Although it is revolutionary, Blockchain hides criminals.

They are able to avoid investigators, hide identity, and transfer money across the border. “

Singh goes to say:

“The Jimin Chan issue is the global face of digital money laundering; it is not just a narration of a single deception. To make illegal money look real, criminals benefit from deep networks and dark network. This is a national security issue in addition to being a financial criminal.”

And he confirms that such fraud will become worse in the absence of coordinated regulations all over the world: “The following major crime will target an entire digital economy, not just a bank cellar.”

Is it freedom or fraud? The paradox of the encryption

Initially, bitcoin and other cryptocurrencies were praised as a representation of openness and financial freedom. They are now a tool used by criminals who want to not reveal their identity.

Epips -based money is rising all over the world, according to experts. The end of this trend is the Jimin Chan, which acts as a warning about the dual nature of technology.

The following steps

Chan has been convicted and will be sentenced soon. It is claimed that the most stringent encryption laws, such as tracking wallet and improved verification procedures, are considered by the United Kingdom and the European Union in the wake of this issue.

However, experts warn that the wave of digital fraud will continue even if one thief is arrested. There may be another encryption queen somewhere in the world for every person captured.

The dark reality of the digital era

Technology is both empowerment and dangerous. The crime becomes unveiled and through patriotism when conducting money, identity and online business. The story of Jimin Chan, the self -described coding queen, is a reminder that all technological progress in the digital age has the ability to have a new type of crime.

About the author

Suraj Cole He is a content specialist in technical writing about cybersecurity and information security. He wrote many amazing articles on cybersecurity concepts, with the latest trends in electronic awareness and ethical piracy. Learn more about “him”.

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