What it means for fintech
Editorial
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Last week, the Department of Justice filed the largest ever forfeiture action against $15 billion in bitcoin currently in US custody. A DoJ press release revealed that an indictment was unsealed in federal court that charged Cambodian national Chen Zhi, founder and chairman of Prince Holding Group, with wire fraud conspiracy and money laundering conspiracy.
“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The…
