US law enforcement agencies are offering a $4 million reward for information leading to the arrest of Daren Li, a cryptocurrency money laundering suspect.

The U.S. State Department’s Bureau of International Narcotics and Law Enforcement Affairs announced a reward of up to $4 million under the Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who assisted various fraud rings in Southeast Asia in laundering their proceeds. According to court documents, Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent activities. He instructed accomplices to open U.S. bank accounts under shell companies and monitored the interstate and international wire transfers of victims’ funds. At least $73.6 million of victims’ funds were directly deposited into bank accounts associated with him and his accomplices, including at least $59.8 million from U.S. shell companies used to launder the proceeds of the fraud.