Chinese Citizen Pleads Guilty to Money Laundering in Cryptocurrency Investment Scam
According to the U.S. Department of Justice, a Chinese citizen involved in laundering millions of dollars from cryptocurrency investment scams has pleaded guilty to one count of conspiracy to commit money laundering. The individual, Daren Li, allegedly used multiple bank accounts and Tether to move stolen funds. Last year, over $4.5 billion was lost to cryptocurrency investment scams.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
THORChain urgently drops ‘risky’ DeFi features amid $199 million debt
Community anticipates restructuring plan following ThorChain's insolvency and RUNE price volatility.
BlackRock files for ETF rule change to enable in-kind Bitcoin redemptions
BlackRock's proposal for in-kind redemptions may simplify Bitcoin ETF operations and lower tax implications for investors.
Jump sues former Firedancer Solana client engineer
The lawsuit illustrates a tension between the ethos of the open-source crypto world and the reality of doing business with institutions
MicroStrategy Brings Forward Debt Repayment in Optimistic Strategy
Trending news
MoreCrypto prices
More
