Cambodia
US seizes $15 billion in bitcoin from Cambodian pig butchering scam
Von KI berichtet
Federal prosecutors have seized 127,271 bitcoin worth approximately $15 billion from a massive cryptocurrency fraud scheme operated from forced labor camps in Cambodia. The operation, led by Chinese national Chen Zhi, involved human trafficking and investment scams targeting victims worldwide. Chen faces charges of wire fraud and money laundering conspiracy, marking the largest forfeiture action in US history.
U.S. seizes $15 billion in bitcoin from Cambodian crypto scam
Von KI berichtet
Federal prosecutors have charged Chen Zhi, chairman of Cambodia's Prince Holding Group, with wire fraud and money laundering in a global cryptocurrency scam that exploited forced labor. The U.S. government seized bitcoin worth approximately $15 billion, marking the largest forfeiture action in Department of Justice history. Chen remains at large, facing up to 40 years in prison if convicted.