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
Paradigm wants to accelerate Ethereum’s development
Share link:In this post: Venture Capital firm Paradigm has released a post calling for accelerating development on Ethereum. Paradigm executives note that Ethereum can achieve its goals by doing it at a faster pace. The post highlights areas of improvement.
Wall Street CEOs support all of Trump’s pro-crypto plans
Share link:In this post: Wall Street’s biggest banks are finally backing Trump’s pro-crypto agenda after his new executive order cleared regulatory hurdles. Trump stacked his administration with crypto advocates, like SEC pick Paul Atkins and Treasury nominee Scott Bessent, to drive his plans. The SEC scrapped its restrictive accounting rule, SAB 121, letting banks hold crypto without the crushing capital requirements.
A whale bought 6.86 million VINE 14 hours ago, and currently has a floating profit of $516,000
AAVE breaks above $330
Trending news
MoreCrypto prices
More
