A Chinese dual citizen has pleaded guilty for his involvement in laundering $73 million obtained through various crypto scams. Daren Li, 41, admitted guilt to one count of conspiracy to commit money laundering in connection with a scheme that generated millions from crypto investment scams, including “pig butchering,” between August 2021 and April 12, 2024, as outlined in a Nov. 11 plea agreement filed in a California federal court. Li acknowledged directing others to open U.S.-based bank accounts under shell companies to “conceal or disguise the nature, location, source, [and] ownership” of the funds, according to court documents. Once victims