US Court Hands Crypto Scammer 20 Years in $73m Case

Infosecurity Magazine

February 11, 2026 at 12:05 PM

Overview

Daren Li, a crypto scammer, has been sentenced to 20 years in prison by a federal court for his involvement in a fraudulent scheme that defrauded investors of approximately $73 million. Li orchestrated a Ponzi-like operation that promised high returns on cryptocurrency investments but ultimately left many victims with significant losses. The court's decision to sentence him in absentia indicates that he is currently not in custody, complicating the enforcement of the sentence. This case serves as a warning to potential investors about the risks associated with cryptocurrency investments, particularly those that seem too good to be true. As the crypto market continues to attract interest, incidents like this underscore the importance of vigilance and due diligence among investors.

Key Takeaways

Timeline: Disclosed on October 2023

Original Article Summary

A federal court has sentenced crypto-scammer Daren Li to 20 years in absentia

Impact

Not specified

Exploitation Status

No active exploitation has been reported at this time. However, organizations should still apply patches promptly as proof-of-concept code may exist.

Timeline

Disclosed on October 2023

Remediation

Not specified

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

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