US Court Imposes 20-Year Sentence for $73M Crypto Scam Leader

Daren Li has been sentenced to two decades in prison for orchestrating a $73 million pig butchering cryptocurrency fraud scheme aimed at US investors.

A federal court in the United States has handed down a 20-year prison sentence to Daren Li, the mastermind behind a massive cryptocurrency scam that defrauded investors of $73 million. This fraudulent scheme, often referred to as 'pig butchering,' specifically targeted American individuals, leaving countless victims in its wake.

Li's sentencing marks a significant step in the fight against cryptocurrency-related fraud, as authorities continue to crack down on sophisticated scams that exploit unsuspecting investors. The term of incarceration serves not only as a punishment for Li but also as a warning to other potential fraudsters in the crypto space.