Massive U.S. crypto seizure & fraud charges
The U.S. government has seized over $14 billion in bitcoin and charged Chen Zhi, chairman of Cambodia’s Prince Holding Group, in connection with a huge cyber-fraud operation that reportedly generated tens of millions of dollars per day via “pig-butchering” style scams (victims lured into crypto investments).
➡ Impact: Shows enforcement risk is real and large-scale in crypto, and that major fraud networks are still operating globally.
