<ul><li>Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to money laundering in a crypto scheme.</li><li>Li and his co-conspirators allegedly laundered over $73 million through shell companies and bank accounts.</li><li>They used encrypted communication channels and US-based bank accounts to disguise the movement of funds.</li><li>Li facilitated the conversion of funds to cryptocurrencies and oversaw their distribution across wallets under his control.</li></ul>

$73M Crypto Laundering Scheme Uncovered as Suspect Pleads Guilty—Key Details

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