An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as “pig butchering.” Li and Zhang allegedly managed a global network that laundered proceeds from fraudulent crypto investments, […]
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Crypto Weekly Wrap: Bitcoin Hits $124K Before Inflation Data Sparks $1B Liquidation Frenzy
The crypto economy ended the week slightly higher, rising from $3.97T to $4.04T, but the real story was the volatility...