ChainCatcher news: According to the announcement of the U.S. Department of Justice, Daren Li, a resident with dual citizenship of China and St. Kitts and Nevis, pleaded guilty to one count of conspiracy to launder money because he participated in a money laundering scheme for a cryptocurrency investment scam, earning millions of dollars in proceeds. Daren Li and his accomplices used a network of shell companies and international bank accounts to launder more than $73 million from victims of cryptocurrency investment scams. Daren Li is scheduled to be sentenced on March 3, 2025. Li faces up to 20 years in prison.