US SENTENCES CHINESE NATIONAL FOR ROLE IN $36.9 MILLION CRYPTO SCAM

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Jingliang Su, a Chinese national, was sentenced to 46 months in prison for his role in a Cambodia-based cryptocurrency investment scam that defrauded 174 Americans of $36.9 million through fake trading platforms and romance-based social engineering. The operation laundered stolen funds through US shell companies and offshore accounts before converting them to Tether cryptocurrency via Deltec Bank in the Bahamas. Su is one of nine defendants who pleaded guilty, and he was ordered to pay $26.8 million in restitution.