DOJ seizes record $15 billion in bitcoin from ‘pig butchering’ scam
SEC Chairman Paul Atkins discusses the Trump administration’s actions on cryptocurrency regulation and more on ‘Mornings with Maria.’
Bitcoin valued at $15 billion has been seized by the Department of Justice (DOJ) from a massive “pig butchering” network, and in what officials say is the “largest forfeiture action in U.S. history.”
Federal prosecutors in Brooklyn, New York, unsealed an indictment Tuesday charging Chen Zhi, also known as “Vincent,” leader of the Prince Holding Group, in connection with the crypto scam scheme, based out of Cambodia.
Zhi, 37, who is still at large, is also accused of directing Prince Group’s operation of forced-labor scam compounds across the country. The DOJ said Zhi used violence to…
