Back to today’s briefing

Story perspectives

Ex-Employee Sentenced for $19M Crypto Laundering Scheme

7/28/2025

32 4

Summary

Feng's Crypto Laundering

A former employee of a Beijing short video platform, Feng, has been handed a 14-year prison sentence for masterminding a staggering $19 million cryptocurrency laundering operation. By manipulating internal policies, he funneled funds into Bitcoin via offshore exchanges, employing "coin mixing" to hide his tracks. Seven accomplices also face prison terms between three and 14 years.

Summary

Chapman Sentenced for Fraud

Christina Marie Chapman, 50, from Arizona, has been sentenced to 102 months in prison for her role in a staggering $17 million fraud scheme that aided North Korean IT workers. By running a "laptop farm" and exploiting stolen identities, she deceived over 300 U.S. companies, further fueling North Korea's nuclear ambitions and drawing fierce backlash from U.S. officials.

1 of 2

Feng's Crypto Laundering

A former employee of a Beijing short video platform, Feng, has been handed a 14-year prison sentence for masterminding a staggering $19 million cryptocurrency laundering operation. By manipulating internal policies, he funneled funds into Bitcoin via offshore exchanges, employing "coin mixing" to hide his tracks. Seven accomplices also face prison terms between three and 14 years.

1 / 2