Techub News reports that, according to the U.S. Department of Justice announcement, Daren Li, who holds dual citizenship in China and Saint Kitts and Nevis, was sentenced in absentia to 20 years in federal prison by the Central District Court of California for involvement in a $73 million cryptocurrency "pig butchering" scam and money laundering case. Daren Li cut off his electronic shackles in December 2025 and fled, and is currently still at large. He previously admitted to conspiracy to commit money laundering; he and his accomplices used shell companies and an international banking network to convert victims' funds into USDT, which were then transferred into his controlled cryptocurrency wallets for money laundering.

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