Shengsheng He, a resident of La Puente, California, has been sentenced to 51 months in federal prison for his role in laundering nearly $37 million in cryptocurrency fraud. He was also ordered to pay $26.9 million in restitution. He and his associates used a Bahamian shell company, Axis Digital Limited, to convert victim funds into Tether (USDT) and transfer them to fraudulent wallets. This sentencing is part of a broader effort by the U.S. Department of Justice to combat global crypto fraud and money laundering. Eight co-defendants in the case have already pleaded guilty, highlighting the extensive network involved in the scheme.