[IMPORTANT] Chinese National Sentenced to Nearly 4 Years for $37 Million Crypto Scam Targeting US...

Jingliang Su, a Chinese national, was sentenced to 46 months in prison for laundering nearly $37 million from crypto scams targeting Americans. The scheme involved convincing victims to transfer funds to accounts controlled by the scammers, who then laundered money through shell companies and converted it to Tether (USDT). Losses from crypto scams surged to over $17 billion last year, with AI-driven impersonation scams increasing by 1400%.