Cryptocurrency fraudster pleads guilty of participating in a $37 million fraud scheme against Americans
The Internet reported that five men admitted participating in a US$36.9 million international cryptocurrency fraud plan against Americans, and the funds involved were eventually transferred to a cryptocurrency fraud center in Cambodia. The U.S. Attorney's Office for the Central District of California said on Monday that the cryptocurrency fraudsters used shell companies and U.S. bank accounts to collect stolen funds, then converted them into Tether and transferred them to a cryptocurrency wallet controlled by Cambodia. These plea deals reflect the U.S. government's crackdown on cryptocurrency fraud and money laundering gangs operating in Asia, especially those linked to the North Korean state-backed Lazarus Group.
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