[Chinese National Extradited to US in Over $36.9 Million Crypto Scam] Odaily reports that Chinese national Zheng Zhao was extradited from the Netherlands to the United States and appeared in court in the Central District of California on October 23. He is accused of involvement in an investment fraud and money laundering case involving 174 American victims and over $36.9 million. The US Department of Justice (DOJ) stated that the fraud was operated by a Cambodian fraud center. Prosecutors stated that over $36.9 million was transferred through accounts controlled by accomplices to an account at Deltec Bank in the Bahamas, then converted into the stablecoin USDT and transferred to Cambodian digital asset wallets. Eight other defendants in the case have pleaded guilty; Zheng Zhao faces conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison if convicted. ((Bitcoin.com) News)