US and UK Crack Down on Cambodian Crypto Scammers, Seize $15 Billion in Bitcoin
TL;DR
Chen Zhi, chairman of Prince Group, has been indicted in Brooklyn for operating forced labor compounds in Cambodia involved in cryptocurrency fraud schemes that stole billions globally, with the US seizing approximately $15 billion in cryptocurrency linked to the crimes, marking the largest forfeiture in Department of Justice history.
Topics:businessworld#chen-zhi#cryptocurrency-fraud#federal-indictment#forced-labor#prince-group#world
- Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds Engaged in Cryptocurrency Fraud Schemes Department of Justice (.gov)
- DOJ seizes $15 billion in bitcoin from massive 'pig butchering' scam based in Cambodia CNBC
- U.S. Sanctions Cambodian Conglomerate, Citing Role in ‘Pig-Butchering’ Scams The Wall Street Journal
- US and UK put sanctions on alleged Cambodia cyber-scammers and seize $15bn in bitcoin The Guardian
- Feds Seize Record-Breaking $15 Billion in Bitcoin From Alleged Scam Empire WIRED
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