Golden Finance reported that according to a notice from the U.S. Department of Justice, three men (Zhong Shi Gao, Naifeng Xu, Fei Jiang) were arrested by the FBI for participating in a complex bank fraud and cryptocurrency money laundering scheme. More than $10 million was stolen from banks and financial institutions and laundered through offshore cryptocurrency exchanges. The three were charged with conspiracy to commit bank fraud, conspiracy to commit wire fraud affecting financial institutions, conspiracy to commit money laundering and conspiracy to defraud. The charges carry a combined maximum penalty of 82 years in prison, according to the U.S. Attorney's Office for the Southern District of New York.