US and UK Crack Down on Southeast Asian Crypto Scam Network
TL;DR Summary
The U.S. has seized nearly $15 billion in bitcoin and charged Cambodian-Chinese businessman Chen Zhu with orchestrating a massive cryptocurrency scam involving forced labor and fraud, marking the largest forfeiture in U.S. history and highlighting ongoing transnational crime in Southeast Asia.
- U.S. charges Cambodian tycoon in massive alleged cryptocurrency scam NPR
- Billions in bitcoin seized by DOJ from massive 'pig butchering' crypto scam in Cambodia Fox Business
- Feds seize $15 billion in bitcoin after busting alleged global crypto scam CBS News
- US, UK sanction huge Southeast Asian crypto scam network Al Jazeera
- Cambodia urges fair process as US and UK pursue Prince Group's Chen Zhi in global scam case AP News
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