CHINESE NATIONALS ARRESTED FOR LAUNDERING $73 MILLION IN PIG BUTCHERING CRYPTO SCAM

Summary from the TLDR InfoSec newsletter

Chinese nationals Daren Li and Yicheng Zhang have been charged with laundering $73 million in a pig butchering crypto scam. Victims were tricked into transferring money to U.S. bank accounts opened by shell companies. Li and Zhang face up to 20 years in prison for money laundering charges.