A Chinese national was sentenced to 46 months in prison for laundering over $36.9 million linked to a crypto investment scam targeting 174 US victims. The scam involved convincing victims via social media and fake crypto platforms to invest funds that were later converted into Tether and funneled across different countries. The case highlights the ongoing crackdown by US authorities on sophisticated crypto fraud networks, with linked criminals receiving prison time and millions in restitution ordered.
