International
$15 Billion In Crypto Seized From ‘Pig Butchering’ Scheme
UNITED STATES – The U.S. Justice Department has seized $15 billion in bitcoin – the largest crypto forfeiture in American history.
UNITED STATES – The U.S. Justice Department has seized $15 billion in bitcoin – the largest crypto forfeiture in American history.
Authorities say the money came from a massive investment scam known as “pig butchering,” run out of forced labor camps in Cambodia.
Chinese businessman Chen Zhi was charged with money laundering and fraud, accused of turning his company into one of Asia’s biggest criminal networks.
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