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.
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Chinese Citizen Pleads Guilty to Money Laundering in Cryptocurrency Investment Scam
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