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U.S. seizes record $15B in bitcoin, charges Cambodian tycoon
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U.S. authorities have seized approximately $15 billion in bitcoin tied to a global “pig butchering” fraud operation run by Cambodia’s Prince Group. The indictment charges Chen Zhi with wire fraud, money laundering, and involvement in forced labor camps used to run the scam. The seizure is among the largest crypto asset forfeitures in history, signaling rising enforcement pressure on cross-border crypto crime networks. Watch regulatory and legal fallout next. Source URL: https://www.apnews.com/article/dfd6833904cf539d680e381ad8d0eb6c