Five Men Plead Guilty in Major Crypto Laundering Scheme, $36.9M Stolen from U.S. Investors

Five men have pleaded guilty to charges related to a large-scale crypto laundering scheme that stole over $36.9 million from U.S. investors. The defendants used shell corporations and digital wallets to conceal the illicit funds, according to authorities. This case marks a significant step in cracking down on crypto-related financial crime as it focuses on prosecuting actual criminal activity rather than merely regulatory violations.