US and Allies Seize Over $15 Billion in Crypto from 'Pig Butchering' Scams
TL;DR Summary
The US authorities seized $15 billion in cryptocurrency from a scheme linked to forced labor camps in Cambodia, led by Chen Zhi of the Prince Group, involving large-scale scams and money laundering, marking the largest forfeiture in DOJ history.
- Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps CNN
- Billions in bitcoin seized by DOJ from massive 'pig butchering' crypto scam in Cambodia Fox Business
- Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers BBC
- U.S. Sanctions Cambodian Conglomerate, Citing Role in ‘Pig-Butchering’ Scams The Wall Street Journal
- US Sanctions Online Scammers Who Stole Billions From US Victims Bloomberg.com
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