A Malaysian national involved in one of the world’s largest crypto-related money-laundering cases purchased luxury properties in Dubai while helping to conceal the proceeds of a massive Chinese investment scam, according to leaked real estate data reviewed by investigators and journalists.

The man, Ling Seng Hok, who had been residing in the United Kingdom, pleaded guilty on September 30 to laundering proceeds from a fraudulent investment scheme that originated in China and affected an estimated 128,000 victims. His associate, Chinese national Qian Zhimin, who orchestrated the scam, also pleaded guilty earlier this year. The operation – now labeled as a major financial crime – ultimately led to the seizure of Bitcoin assets valued at £5.5 billion ($7.3 billion), marking what police describe as the largest crypto seizure in global history.

The origins of this high-profile case trace back to China, where Qian allegedly ran an elaborate investment scam, promising high returns to unsuspecting investors. As authorities closed in, she fled the country, relocating to the UK, where she sought to hide the scheme’s profits through cryptocurrency transactions and property purchases.

According to the London Metropolitan Police, Qian converted vast portions of the illicit proceeds into Bitcoin – a move that initially made tracing the funds difficult. However, law enforcement agencies in the UK, working with international partners, managed to track down the transactions through blockchain forensics, uncovering one of the most complex crypto money-laundering networks ever documented.

The investigation, which spanned seven years, resulted in the confiscation of assets including encrypted devices, gold, cash, and digital wallets. Police........

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