The U.S. Department of Justice seized $15 billion worth of Bitcoin, cracking down on an eyewash scam in Cambodia.

2025-10-15 22:46:25

According to ChainCatcher news and reports from Jin10, the U.S. Department of Justice has officially charged business tycoon Chen Zhi, who holds dual citizenship in the UK and Cambodia, for allegedly orchestrating a transnational “Pig-butchering scams” encryption scheme. At the same time, the U.S. government has seized approximately 127,271 Bitcoins, worth up to $15 billion (about 106.9 billion yuan), marking the largest seizure operation in the department's history. Chen Zhi faces multiple charges, with a maximum sentence of 40 years in prison.

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