The U.S. Department of Justice has moved to seize 127,271 Bitcoin â” roughly $15 billion â” its largest crypto forfeiture in history. Prosecutors say the coins trace to Cambodia’s Prince Group, allegedly run by founder Chen Zhi as a front for forced-labor “pig butchering” scam compounds, where trafficked workers were forced to run romance and crypto-investment scams under threat of violence. The Treasury Department designated the Prince Group a transnational criminal organization, and Chen Zhi was indicted in New York on wire fraud and money laundering conspiracy charges. He is not in U.S. custody; his lawyer calls the allegations seriously misguided, and the Prince Group denies all wrongdoing. ð” More scam exposés on our blog: https://trickntipsdaily.blogspot.com #ScamAlert #Bitcoi
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