US Court Hands Crypto Scammer 20 Years in $73m Case
ID: 14bba5f3-486f-5fe4-a084-104780c9bb55
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Feed Name: Infosecurity Magazine (News)
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Daren Li, a dual China–St. Kitts and Nevis national, was sentenced in absentia to 20 years for his role in a global crypto-investment fraud that defrauded victims of at least $73.6M; the scheme used romance-baiting (pig butchering), spoofed trading platforms, US shell-company bank accounts, and laundering operations, and is part of a broader rise in industrial-scale cyber-enabled fraud in Southeast Asia.
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