According to Bitcoin.com, Rhode Island resident Agustin Villa pleaded guilty to participating in a cryptocurrency money laundering conspiracy related to an international drug trafficking gang. He served as a liaison for this transnational criminal network and helped launder more than $25 million in drug proceeds and illegal funds through cryptocurrency. Villa faces up to 20 years in prison, a fine of up to $500,000 or double the amount involved in the case, and up to 3 years of supervised release. The criminal network was led by Jin Hua Zhang, who is based in Staten Island, New York. The investigation also led to the seizure of cash and cryptocurrency in Hong Kong, India, Cambodia, and Brazil.