Crypto Scammer Jingliang Su Fined $36.9 Million for Laundering Black Money

GasFeeCrybaby · 2026-02-09T14:12:27+00:00

A recent U.S. court ruling confirmed a large-scale fraud operation in the cryptocurrency sector, led by Jingliang Su, who misused $36.9 million through fake trading schemes. This operation targeted 174 victims and highlighted the increasing enforcement against financial crimes in crypto. Su received a 46-month prison sentence, signaling severe repercussions for illegal activities in this space.

GasFeeCrybaby

2026-02-09 14:12:27

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The latest ruling by the U.S. court has confirmed the exposure of a nationally organized scam operation within the cryptocurrency sector. The scammer named Jingliang Su controlled $36.9 million in funds and used these assets to launder dirty money through fake trading schemes.

Large-Scale Scam Scheme and Number of Victims

Investigations revealed that this scam scheme organized by Su targeted 174 different individuals in the U.S. These victims lost their assets on various trading platforms and are investors concerned about cryptocurrency issues. Despite the scheme’s wide geographical reach and systematic organization, U.S. federal agents monitored these operations for an extended period and gathered evidence.

USDT Conversion Operations and Fake Trading Platforms

Su’s primary scam strategy was based on a secure methodology for laundering dirty money. He converted valuable assets into USDT stablecoin and transferred these crypto assets to other accounts through fake trading platforms. This methodology made tracking and control difficult, allowing the money to be separated from its original source without involving the official financial system.

Strict Legal Penalty and Reasons

The court sentenced Su to 46 months (approximately 3.8 years) in prison. This sentence reflects the increasing activity of law enforcement agencies in the cryptocurrency field. U.S. magistrates have taken stricter measures to prevent money laundering, investment fraud, and overall financial crimes. This decision sends a clear message that illegal operations based on cryptocurrency will face serious consequences, both from a health perspective and for individual participants.

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