20-Year Sentence for Daren Li in $73 Million Crypto Fraud Case

A U.S. court has handed down a 20-year prison sentence to Daren Li, who was involved in a massive $73 million cryptocurrency scam. This fraudulent scheme primarily operated through various social media channels and dating applications, exploiting unsuspecting victims.

Li's deceptive practices were rooted in Cambodia, where he allegedly directed operations that misled numerous individuals in their pursuit of investment opportunities in digital currencies. The court's decision emphasizes the serious nature of cyber fraud and its impact on the victims.