DOJ: 51 months for $ 36.9 million crypto scam role with funds that are routed through Deltec Bank and then sent to Cambodia. Another 8 people argue guilty and a connection with Axis Digital Limited.
SCAM -Infrastructure: From bank accounts to USDT and portfolios in Cambodia
So, so, The DOJ report is displayed That it all started with a classic scam with a hub in Cambodia. Pass reports made in direct contact with victims via messages on social media, phone calls, SMS and online dating services, building trust and offering ‘high returns’ of digital investments. Of course the funds were simply darkened and the final loss was $ 36.9 million of American accounts.
The entire amount was consolidated on a single account at Deltec Bank in the Bahamas, opened in the name of Axis Digital Limited. The organizers then gave up Delteec Bank to convert the funds of victims into the Stablecoin USDT and transfer them to a digital wallet that is governed by people in Cambodia. Subsequently, compliciters in Cambodia transferred USDT to the heads of scam centers in the region, including Sihanoukville.
Defendants, guilty plea and procedural results
Important defendant – Shengsheng He, La Puente, California; former co-owner of Axis Digital Limited (Bahamas); argued guilty of “conspiracy to exploit a money without a permit”; Sentence: 51 months in prison; $ 26.8 million refund; Participated in consolidating funds and transferring them through business scales, international accounts and digital portfolios.
Daren li. Burger of China and St. Kitts and Nevis; argued guilty of “conspiracy to take money laundering”; Coordinated/LED segments of the money washing schedule.
Lu Zhang. Burger of China; Was illegal in the US; argued guilty of “conspiracy to take money laundering”; Management of a network of Geld Wassers established in the US.
Jose Somarriba. Co-founder of Axis Digital Limited, together with Shengsheng he; Pleated guilty of “conspiracy to exploit a money without a permit.”
Jingliang Su. Burger of China; Member of the AXIS Digital Limited sign; participated in digital assets conversion and transfers from the funds of victims; Pleated guilty of “conspiracy to exploit a money without a permit.”
Conclusion
Crypto -wamid remains popular with attackers because, although technical blockchain infrastructure is becoming more mature and safer, the human factor becomes even greater vulnerability.
The research is still underway, but punishments are already quite serious. That makes sense, because the schedule is large -scale, strongly organized and the losses of $ 36.9 million are considerable.
Take it into account and stay informed for the latest updates in crypto, blockchain and security.
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