CryptoPotato
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US Pursues Seizure of $14.2B Bitcoin Connected to Asian Tycoon Chen Zhi
The U.S. Department of Justice (DOJ) has lodged a civil forfeiture complaint to seize approximately 127,000 BTC, worth about $14.2 billion, tied to businessman Chen Zhi, chairman of Prince Group, and his company LuBian. Chen is accused of large-scale human-trafficking and pig-slaughtering schemes across Asia, involving fraudulent online relationships and sham cryptocurrency platforms, leading to billions of dollars in losses.
The DOJ alleges that the ill-gotten gains were used to buy luxury items and properties. Meanwhile, LuBian, one of China's biggest mining pools, was reportedly funded using profits from these criminal activities. The DOJ's filing leaves unanswered the question of how the Bitcoin came into U.S. possession.
The U.S. Department of Justice (DOJ) has lodged a civil forfeiture complaint to seize approximately 127,000 BTC, worth about $14.2 billion, tied to businessman Chen Zhi, chairman of Prince Group, and his company LuBian. Chen is accused of large-scale human-trafficking and pig-slaughtering schemes across Asia, involving fraudulent online relationships and sham cryptocurrency platforms, leading to billions of dollars in losses.
The DOJ alleges that the ill-gotten gains were used to buy luxury items and properties. Meanwhile, LuBian, one of China's biggest mining pools, was reportedly funded using profits from these criminal activities. The DOJ's filing leaves unanswered the question of how the Bitcoin came into U.S. possession.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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