U.S. prosecutors unsealed charges against Cambodia tycoon Chen Zhi and seized roughly $15B in bitcoin tied to forced‑labor ‘pig‑butchering’ operations. The case elevates cyber‑fraud compounds from gang activity to alleged corporate‑state‑protected enterprise and shows DOJ can claw back massive on‑chain funds.
— It sets a legal and operational precedent for tackling transnational crypto fraud and trafficking by pairing asset forfeiture at scale with corporate accountability.
BeauHD
2025.10.15
100% relevant
EDNY indictment of Chen Zhi (Prince Holding Group) and DOJ’s record $15B bitcoin seizure from associated wallets.
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