{"id":13785,"date":"2026-01-28T18:12:25","date_gmt":"2026-01-28T18:12:25","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=13785"},"modified":"2026-01-28T18:12:27","modified_gmt":"2026-01-28T18:12:27","slug":"meet-jingliang-su-chinese-national-jailed-in-36-9m-usdt-crypto-scam","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/01\/28\/meet-jingliang-su-chinese-national-jailed-in-36-9m-usdt-crypto-scam\/","title":{"rendered":"Meet Jingliang Su: Chinese national jailed in $36.9M USDT crypto scam"},"content":{"rendered":"\n<p>A U.S. federal court has sentenced <strong>Jingliang Su<\/strong>, a Chinese national, to <strong>46 months in prison<\/strong> for his role in laundering nearly <strong>$36.9 million<\/strong> tied to a large-scale crypto fraud scheme that targeted American victims.<\/p>\n\n\n\n<p>Prosecutors say the case highlights the growing reach of so-called <strong>\u201cpig butchering\u201d scams<\/strong>, where victims are slowly groomed online before being financially drained using digital assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How the scam targeted victims<\/h3>\n\n\n\n<p>According to U.S. authorities, Su was part of an international network that used <strong>social media, dating apps, text messages, and phone calls<\/strong> to lure victims into fake cryptocurrency investment platforms. These websites were designed to look legitimate and displayed <strong>fabricated profits<\/strong>, convincing users to deposit more money over time.<\/p>\n\n\n\n<p>Behind the scenes, the funds were quietly siphoned away.<\/p>\n\n\n\n<p>Investigators say at least <strong>174 U.S. victims<\/strong> were defrauded through these tactics, believing they were participating in high-yield crypto investments when, in reality, their money was being funneled into criminal wallets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Following the money trail<\/h3>\n\n\n\n<p>Court filings show that more than <strong>$36.9 million<\/strong> was first moved from U.S. bank accounts into an account at <strong>Deltec Bank<\/strong> in the Bahamas. From there, the funds were converted into <strong>Tether<\/strong> and sent to wallets based in Cambodia, where other members of the network distributed the money to regional scam operations.<\/p>\n\n\n\n<p>Su pleaded guilty in June 2025 to <strong>conspiracy to operate an illegal money-transmitting business<\/strong>. In addition to his prison sentence, the court ordered him to pay <strong>more than $26 million in restitution<\/strong>. He has been in U.S. federal custody since December 2024.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Part of a wider crackdown on pig-butchering fraud<\/h3>\n\n\n\n<p>Authorities say Su is one of <strong>nine defendants<\/strong> charged in the case, with several co-conspirators already sentenced. U.S. officials view this prosecution as part of a broader effort to dismantle international fraud rings that rely on crypto rails to move money quickly across borders.<\/p>\n\n\n\n<p>Blockchain analytics firm <strong>Chainalysis<\/strong> reports that pig-butchering and fake investment schemes remained the <strong>most damaging crypto scams in 2025<\/strong>, contributing to more than <strong>$17 billion in global losses<\/strong>.<\/p>\n\n\n\n<p>Law enforcement agencies have also linked similar operations to forced-labor scam centers in Southeast Asia, underscoring the human cost behind these financial crimes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why this case matters<\/h3>\n\n\n\n<p>While cryptocurrencies offer speed and global access, prosecutors warn that those same features continue to be exploited by organized fraud networks. The sentencing of Jingliang Su sends a message that <strong>crypto-based laundering is not beyond the reach of U.S. law enforcement<\/strong>, even when funds cross multiple jurisdictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. federal court has sentenced Jingliang Su, a Chinese national, to 46 months in prison for his role in laundering nearly $36.9 million tied to a large-scale crypto fraud scheme that targeted American victims. Prosecutors say the case highlights the growing reach of so-called \u201cpig butchering\u201d scams, where victims are slowly groomed online before&#8230;<\/p>\n","protected":false},"author":3,"featured_media":13786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[385,65,1280],"class_list":["post-13785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-chinese","tag-crypto","tag-usdt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meet Jingliang Su: Chinese national jailed in $36.9M USDT crypto scam - Crypto News<\/title>\n<meta name=\"description\" content=\"Chinese national Jingliang Su was sentenced to 46 months in U.S. prison for laundering $36.9M in a USDT-based pig-butchering crypto scam targeting American 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