# Cryptocurrency Scam Related Articles

Daren Li Flees Ankle Monitor, Sentenced in Absentia for Global Cryptocurrency Scam

Daren Li, a dual citizen of China and St. Kitts and Nevis, has been sentenced in absentia to 20 years in prison by a U.S. federal court for laundering over $73 million from a global cryptocurrency scam. The scheme used "pig butchering" tactics, where scammers built fake online relationships to lure victims into investing in fraudulent crypto platforms. Li and his associates moved stolen funds through U.S. bank accounts and shell companies before converting them to cryptocurrency. Li removed his ankle monitor and fled in late 2025. Eight other co-conspirators have pleaded guilty as part of an ongoing international effort to dismantle crypto fraud networks.

TheNewsCrypto02/10 10:54