
A US court sentenced Jingliang Su to 46 months imprisonment and ordered restitution for laundering $36.9M in a USDT-based crypto fraud scheme linked to offshore transfers through Deltec Bank.
Chinese national Jingliang Su has been sentenced by a U.S. federal court to 46 months in prison for laundering $36.9 million from a USDT-based pig-butchering cryptocurrency fraud scheme. Su funneled victim funds through shell entities, cryptocurrency wallets, and bank accounts to Deltec Bank in the Bahamas, where the assets were converted into USDT before being transferred to Cambodia. The court also ordered Su to pay restitution exceeding $26 million to 174 victims across the U.S., underscoring the growing challenge of tracing cross-border stablecoin transactions in criminal cases.