Daren Li and Yicheng Zhang were charged with leading an international cryptocurrency investment scam known as "pig butchering," which defrauded victims by gaining their trust before stealing millions. They laundered over $73 million through U.S. bank accounts linked to shell companies and transferred these funds to the Bahamas and cryptocurrency wallets. The scheme involved over $341 million in virtual assets. Li and Zhang face multiple charges of conspiracy and international money laundering, each carrying a maximum penalty of 20 years in prison if convicted.
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