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, used multiple bank accounts and Tether to move the stolen funds. Last year, over $4.5 billion was lost to cryptocurrency investment scams.
Chinese Citizen Pleads Guilty in Cryptocurrency Investment Scam Money Laundering Scheme
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0