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US Extradites Chinese National in $36.9M+ Crypto Scam
A Chinese national, Zheng Zhao, faces a U.S. money laundering charge after extradition from the Netherlands in an alleged cryptocurrency scam involving more than $36.9 million. Investigators identified 174 American victims whose funds allegedly moved through offshore banking and digital wallets. Eight co-conspirators have pleaded guilty, including ShengSheng He and Jingliang Su, who received prison sentences of 51 months and 46 months, respectively. Assistant Attorney General A. Tysen Duva emphasized that this extradition serves as a lesson to those who exploit vulnerable Americans from overseas.