China Sentences Li Mobo to Death for Laundering Over 48 Million Yuan in Cryptocurrency

China has sentenced defendant Li Mobo to death for laundering more than 48 million yuan in cryptocurrency. According to NS3.AI, the ruling followed an investigation into a large-scale cross-border operation involving drug smuggling and money laundering. The report said Chinese prosecutors pursued a broad crackdown tied to the case, indicting more than 1,200 people on related charges between January 2025 and May 2026.