U.S. seizes record $15B in bitcoin, charges Cambodian tycoon
U.S. seizes $15B in bitcoin in a major “pig butchering” bust, charging Chen Zhi with large-scale crypto fraud and forced labor involvement.
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12h agoU.S. seizes record $15B in bitcoin, charges Cambodian tycoon
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
neutral
12h agoU.S. seizes record $15B in bitcoin, charges Cambodian tycoon
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
neutral
U.S. seizes record $15B in bitcoin, charges Cambodian tycoon
about 13 hours ago
1 min read
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U.S. seizes $15B in bitcoin in a major “pig butchering” bust, charging Chen Zhi with large-scale crypto fraud and forced labor involvement.
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
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
Tags:
crypto
fraud
crypto
fraud
law enforcement
global
bitcoin
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