U.S. Seizes $15 Billion In Bitcoin, Sanctions Cambodia’s Prince Group In Global Crypto ‘Scam’ Crackdown
Topline
The Department of Justice seized roughly $15 billion in bitcoin tied to what it called a vast “pig butchering” scam based in Cambodia—a record-setting forfeiture— as the Treasury Department simultaneously labeled the Cambodia-based Prince Group business a transnational criminal organization
PARIS, FRANCE – NOVEMBER 12: In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on November 12, 2024 in Paris, France. (Photo illustration by Chesnot/Getty Images)
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