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U.S. Court Sentences Fugitive Daren Li to 20 Years for Laundering Over $73.6M in Crypto Fraud Proceeds
On 9 February 2026, a U.S. federal court in California sentenced fugitive defendant Daren Li to 20 years in prison for laundering more than $73.6 million tied to cryptocurrency investment scams. The 42-year-old dual national of China and St. Kitts and Nevis was found to have used U.S. shell companies and bank accounts to move victim funds into digital assets. Li, who removed his ankle monitor and absconded in December 2025, will also face three years of supervised release if taken into custody.
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Russia's State Duma approves law to seize cryptocurrency as property in criminal cases
On February 10, 2026, the Russian State Duma approved a law that sets out procedures for seizing and confiscating cryptocurrency in criminal proceedings. The legislation, which amends the Criminal Code and the Criminal Procedural Code, classifies digital currencies such as Bitcoin as property and details how investigators can gain control over wallets and storage devices. The new rules precede broader regulations for other crypto-related activities expected to take effect in Russia by July 1.
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Cisco shares climb on Feb 10, 2026 after unveiling Silicon One G300 102.4 Tbps chip
On February 10, 2026, Cisco shares advanced to $88.05 (+1.46%) after the company introduced the Silicon One G300, a 102.4 Tbps switch built on TSMC's 3‑nanometer process and slated for the second half of 2026. According to Cisco, the design accelerates certain AI jobs by 28%, lifts network utilization by 33%, and brings ~70% energy-efficiency gains with 100% liquid-cooled systems.
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Bitcoin Whale Moves $140,953,609 After Years of Dormancy as XRP Tests 5% Crucial Zone and Sam Bankman-Fried Disputes FTX Bankruptcy
On Tuesday, Feb. 10, XRP traded in a narrow 5% band between $1.396 and $1.47 that could determine whether its next major move is a rebound or a deeper slide toward $1. A long-dormant Bitcoin address from 2019 transferred 2,043 BTC valued at about $140.95 million, while Sam Bankman-Fried asserted that FTX was never actually bankrupt and claimed lawyers pushed the exchange into Chapter 11.
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