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.
Oren Cass
2026.01.15
60% relevant
A key reason the public labels crypto a 'scam' is high‑profile fraud and enforcement actions; the article’s tone and policy suggestion tie directly to documented large fraud investigations and asset seizures that make criminality a central public association with crypto.
BeauHD
2025.12.02
90% relevant
This article reports a cross‑border law‑enforcement seizure of a mixer and tens of millions in Bitcoin—directly parallels the cited precedent where prosecutors seized massive on‑chain funds from scam operations; both are examples of large‑scale asset forfeiture and show DOJ/Europol-style capability to trace and reclaim illicit crypto proceeds.
BeauHD
2025.10.15
100% relevant
EDNY indictment of Chen Zhi (Prince Holding Group) and DOJ’s record $15B bitcoin seizure from associated wallets.