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US and UK Crack Down on $15 Billion Crypto Scam Using Forced Labor

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Source: AP News
US and UK Crack Down on $15 Billion Crypto Scam Using Forced Labor
Photo: AP News
TL;DR

The U.S. has seized over $14 billion in bitcoin and charged Chen Zhi, founder of Cambodian conglomerate Prince Holding Group, with orchestrating a massive cryptocurrency scam involving forced labor, violence, and money laundering, highlighting the scale of Southeast Asia's scam economy and international efforts to combat it.

Topics:nationworld#cambodia#cryptocurrency-fraud#forced-labor#prince-holding-group#us-sanctions#world
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  1. US charges Cambodian executive in massive crypto scam and seizes more than $14 billion in bitcoin  AP News
  2. UK and US take joint action to disrupt major online fraud network  GOV.UK
  3. Feds seize $15B worth of bitcoin in 'pig butchering' scams that used trafficked workers  USA Today
  4. Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps  CNN
  5. Billions in bitcoin seized by DOJ from massive 'pig butchering' crypto scam in Cambodia  Fox Business

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