According to Foresight News , the U.S. Department of Justice announced that Daren Li, who holds dual citizenship in China and St. Kitts and Nevis (China does not recognize dual citizenship), was sentenced in absentia to 20 years in prison by the U.S. District Court for the Central District of California for his involvement in a $73 million cryptocurrency "pig butchering" scam. Daren Li fled after cutting his electronic restraints in December 2025 and remains at large.
According to a previous report by Foresight News , the U.S. Department of Justice announced that Daren Li has pleaded guilty to a $73 million cryptocurrency "pig butchering" scam and to conspiracy to commit money laundering. The Department of Justice stated that Li and his accomplices laundered money through shell companies and a network of international bank accounts, instructing them to open U.S. bank accounts in the names of these shell companies and overseeing the conversion of victims' funds into USDT, which was then transferred to cryptocurrency wallets under his control. He was arrested in April 2024.
