The US Department of Justice has seized 127,195 Bitcoin (BTC) linked to Chen Zhi, the alleged operator of a massive “pig butchering” scam based in Cambodia. The value of the seized Bitcoin—around $15 billion—marks the largest forfeiture action in the DOJ’s history, underscoring the scale of global crypto-related financial crimes and the US government’s growing role in tracking and recovering digital assets.

The indictment against Chen Zhi was unsealed this week in federal court in Brooklyn, New York, revealing details of a complex international fraud operation that targeted thousands of victims worldwide through sophisticated investment scams. Prosecutors allege that Chen and his associates laundered billions in stolen funds through cryptocurrency exchanges and shell companies before the

See Full Page