Chinese national sentenced to nearly four years for $36.9M crypto scam

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A US federal judge has sentenced Jingliang Su, a 45-year-old Chinese national, to 46 months in prison for laundering more than $36.9 million from a crypto investment scam targeting 174 US victims. The case highlights growing US enforcement against cryptocurrency fraud networks.

Authorities said Su and his co-conspirators built trust through unsolicited messages on social media, dating apps, and phone calls before directing victims to fake crypto platforms. Funds were moved through US accounts to the Bahamas, converted into Tether (USDT), and sent to digital wallets in Cambodia to finance regional scam operations.

Su has also been ordered to pay over $26 million in restitution. Eight co-conspirators have pleaded guilty, receiving prison terms ranging from 36 to 51 months.

[bonk]

46 months for stealing almost 37 mil feels kinda light tbh