The U.S. Department of Justice charged two Chinese nationals, Daren Li and Yicheng Zhang, for leading a $73 million crypto investment scam where victims were tricked into transferring money to U
S. bank accounts, which were then laundered through shell companies and cryptocurrency platforms. The funds were moved to bank accounts in the Bahamas, converted to USDT, and sent to cryptocurrency wallets controlled by Li. Li and Zhang face charges of money laundering and international money laundering, with the operation involving lower-level co-conspirators who facilitated the transfer of proceeds overseas to bank accounts. ```https://thehackernews.com/2024/05/chinese-nationals-arrested-for.html