Exclusive: US Charges Chinese Nationals in Massive Cryptocurrency Scam
Victims Lose Millions as Authorities Crack Down on Illegal Schemes
Washington, DC - May 17, 2023
In a groundbreaking move, US authorities have charged two Chinese nationals in connection with a massive cryptocurrency scam that has defrauded thousands of investors worldwide. The charges, which mark a significant step in the crackdown on illicit cryptocurrency operations, come amid growing concerns over the proliferation of fraudulent schemes using digital assets.
The accused individuals, identified as Zhang Hui and Li Wei, are alleged to have orchestrated a sophisticated scam that targeted Chinese-speaking investors. Through a network of shell companies and online platforms, they lured victims into investing in a bogus cryptocurrency scheme that promised high returns.
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