cryptotheft

The US government seized $8 billion in Bitcoin from a single man.
The largest forfeiture in American history. Most people have never heard his name.

Chen Zhi is 38 years old. On paper he runs the Prince Group, one of the largest corporate conglomerates in Cambodia with operations in real estate, finance, banking, and consumer services across more than 30 countries.

Behind that cover, Prince Group ran at least 10 forced labor compounds across Cambodia, Myanmar, and Laos. Workers were trafficked, beaten, sometimes sold between compounds, and forced to run online scams under threat of violence.

The scams are called pig butchering. A trafficked worker spends weeks or months building a fake relationship with a stranger online. Romance. Friendship. Business advice. Once the trust is there, they pitch a fake crypto investment platform. The victim deposits. Deposits more. Then the platform disappears and so does the worker.

At just two of the compounds, the DOJ counted 1,250 phones running 76,000 active social media accounts. The operation was generating $30 million a day at its peak.

The money flowed into Bitcoin wallets controlled directly by Chen Zhi.

The US government seized 127,271 BTC from those wallets. Worth $8 billion today. Worth $15 billion at the time of seizure. Chen Zhi has been indicted in Brooklyn federal court on wire fraud and money laundering conspiracy. Cambodia revoked his citizenship. His bank was ordered into liquidation. The UK froze his assets.

If convicted, those 127,271 Bitcoin will be added to the US strategic Bitcoin reserve, pushing it from 198,000 BTC to 325,000.

No restitution plan has been announced for the victims. Americans alone lost over $10 billion to Southeast Asian scam compounds in 2025. The global figure is estimated at $64 billion a year.

The biggest fortune ever seized by the US government was not taken from a cartel or a bank. It was taken from a man running call centers.
$PORTAL
$TA
$LAB
#cryptoTheft #CryptoSeize

Just came across this wild one in the on-chain reports. A 22-year-old guy named Evan Tangeman helped launder over $263 million in stolen crypto. The funds were apparently blowing up half-million-dollar nightclub tabs for the crew.

He went by E, Tate, and Evan|Exchanger online. His role was basically turning dirty crypto into clean cash for everyone else. The group pulled off the heist through social engineering, hitting hacked databases, fake tech support scams, and even physical break-ins to grab hardware wallets.

Most of them were still teenagers with zero real jobs. Crazy how that much $BTC and $ETH slipped through before it got cleaned. $SOL wallets got hit hard too in the mix.

#CryptoLaundering #OnChainCrime #CryptoTheft #BlockchainSecurity

🤯 Genius Hacker Used Morse Code to Trick Grok AI & Steal $180,000! 📉🔓

An incredible security breach! Scammers used a clever trick: hiding instructions inside "Morse Code" to bypass Grok AI’s safety filters. The AI failed to detect the threat and accidentally transferred the funds! 😱💸

🔍 How they did it:
• Transfer commands were hidden as dots and dashes (Morse Code).
• To standard checks, the text looked normal — but the AI processed the hidden message.
• Total loss: $180,000 before the team could freeze the system.

⚠️ Big Lesson:
This is a brand-new type of attack! It proves AI still has critical vulnerabilities, and hackers are constantly finding creative ways to exploit them. Platforms and users must be extra vigilant from now on 🛡️🚨
$TAO $FET $NEAR
#GrokAI #Hacker #CyberSecurity #CryptoTheft