The crypto world is SHAKEN today. On October 15 (Beijing time), the U.S. Department of Justice announced the largest Bitcoin seizure in its history โ a jaw-dropping 127,000 BTC (๐ธ worth nearly $15 billion) confiscated from Chen Zhi, a 38-year-old tycoon from Fujian, China. ๐บ๐ธโ๏ธ
Chen, known publicly as the โDukeโ of Cambodia and the founder of the Prince Group, ran a massive transnational telecom fraud network. Behind his luxurious business empire, investigators say he operated at least 10 โfraud parksโ in Cambodia. Victims were lured with fake job offers, then forced into crypto scam operations, including โpig butcheringโ schemes across the globe ๐ท๐ฑ.
Authorities seized not only Bitcoin but also:
๐๏ธ $16M London mansion
๐ข $126M London office tower
๐ผ๏ธ A Picasso painting from a New York auction
๐ก 19 luxury properties across London
The U.S. Treasury has officially classified Prince Group as a transnational criminal organization, sanctioning 146 individuals and entities linked to the network. ๐โ
โ ๏ธ Chen Zhi remains at large, but if convicted, he faces up to 40 years in prison.
This $15B+ BTC seizure is a historic anti-fraud milestone, proving that no matter how powerful criminal networks are, they canโt hide from global justice. ๐๐
#Bitcoin #CryptoNews #Breaking #FraudAlert #BTC #CryptoSecurity #USTR #BฤฐNANCESQUARE #ScamAlert #CryptoJustice
