US Offers $4 Million Reward for Information Leading to Arrest of Cryptocurrency Money Launderer Daren Li

On April 24, the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs announced a reward of up to $4 million under its Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who is alleged to assist various scam 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 activities, directing accomplices to open U.S. bank accounts under the guise of shell companies. He monitored the interstate and international wire transfers of victim funds, with at least $73.6 million of victim funds being directly deposited into bank accounts associated with him and his accomplices, including at least $59.8 million from U.S. shell companies involved in laundering the proceeds from defrauded victims.