US Edition
DOJ seizes $15 billion in bitcoin from massive ‘pig butchering’ scam based in Cambodia
The DOJ seized 127,271 Bitcoin worth about $15 billion tied to Chen Zhi’s Cambodia-based scam involving forced labor and global crypto fraud, boosting U.S. Bitcoin reserves by 64%.
- The Department of Justice seized $15 billion worth of bitcoin from a massive 'pig butchering' fraud operation based in Cambodia.
- Chen Zhi, founder and chairman of Prince Holding Group, was indicted in New York for allegedly conspiring to launder money and commit wire fraud.
- The seizure represents one of the most significant strikes against global human trafficking and cyber-enabled financial fraud, according to U.S. Attorney General Pamela Bondi.
106 Articles
106 Articles
US Seizes $15 Billion in Bitcoin From Leader of Southeast Asian Online Scam Network
Federal authorities have seized $15 billion in bitcoin from Chen Zhi, a Chinese-Cambodian kingpin accused of running a sprawling scam enterprise that relies on human trafficking and slavery, the U.S. Department of Justice announced on Tuesday. The asset seizure is part of a broader criminal investigation into Chen and his conglomerate, Prince Group, a Cambodia-based business empire that prosecutors said masked one of Asia’s largest transnational…
Feds seize $15 billion in bitcoin, indict crypto fraud kingpin who ran Cambodian forced labor camps
The government has seized $15 billion in bitcoin from an alleged cryptocurrency fraud kingpin accused of running forced labor camps in Cambodia, where prisoners were forced to run “pig-butchering” scams on victims around the world. Federal prosecutors in Brooklyn announced the seizure Tuesday, along with an indictment against the scheme’s alleged leader, Chen Zhi, or “Vincent,” the founder and chairman of the Prince Holding Group in Cambodia. Zh…
U.S. Department of Justice has seized $15 billion in Bitcoin linked to massive fraud operation
Chen Zhi is not in custody and remains at large. He was identified in court filings as the founder and chairman of Prince Holding Group, a multinational business conglomerate based in Cambodia.
US indicts Cambodian tycoon Chen Zhi over $15 billion crypto scam empire
The 37-year-old, known as Vincent, founded Prince Holding Group, a multinational conglomerate that authorities say served as a front for "one of Asia's largest transnational criminal organisations," according to the US Department of Justice.
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