U.S. law enforcement agencies offer a $4 million reward for information leading to the arrest of Daren Li, a suspect involved in cryptocurrency money laundering

Odaily Planet Daily reports that the U.S. State Department's Bureau of International Narcotics and Law Enforcement Affairs has announced a reward of up to $4 million under the Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who assisted various fraud centers in Southeast Asia in laundering their proceeds.

According to court documents, Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent means, instructing accomplices to open U.S. bank accounts under shell company names and monitoring the interstate and international wire transfers of victim funds. At least $73.6 million in victim funds were directly deposited into bank accounts associated with him and his accomplices, including at least $59.8 million from U.S. shell companies used to launder the proceeds obtained from defrauded victims.