FINANCE

Chinese National Sentenced in U.S. Crypto Scam Laundering Case

Published: Feb. 4, 2026 6:28 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Su Jingliang

A U.S. court sentenced a Chinese national to nearly four years in prison and ordered him to pay about $27 million in restitution for laundering more than $36 million tied to cryptocurrency scams that targeted Americans, U.S. prosecutors said last week.

Su Jingliang received a 46-month prison term for his role in moving fraud proceeds stolen from 174 U.S. victims, according to the U.S. Department of Justice. He pleaded guilty in June 2025 to conspiracy to operate an illegal money transmitting business.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Chinese national Su Jingliang was sentenced to 46 months in prison and ordered to pay $27 million restitution for laundering over $36 million from cryptocurrency scams targeting Americans.
Su played a key financial role in an international network led by Daren Li, using "pig butchering" scams and funneling victim funds through shell companies and Tether (USDT).
Su was arrested in the Dominican Republic in April 2024 and extradited to the U.S.; several co-conspirators have also pleaded guilty.

AI generated, for reference only

What Happened When

April 2024：: Su Jingliang was arrested in the Dominican Republic.

After April 2024：: Su Jingliang was extradited to the U.S.

June 2025：: Su Jingliang pleaded guilty to conspiracy to operate an illegal money transmitting business.

Late January or early February 2026：: U.S. court sentenced Su Jingliang to 46 months in prison and ordered him to pay about $27 million in restitution.

AI generated, for reference only