US Department of Justice seizes $15 billion worth of Bitcoin in crackdown on Cambodian online fraud scheme
According to ChainCatcher, citing Golden Ten Data, the U.S. Department of Justice has officially charged business tycoon Zhi Chen, who holds dual citizenship in the UK and Cambodia, for allegedly orchestrating a transnational "pig-butchering" cryptocurrency scam. At the same time, the U.S. government has seized approximately 127,271 bitcoins, valued at up to $15 billions (about RMB 106.9 billions), marking the largest confiscation operation in the department's history. Zhi Chen faces multiple charges and could be sentenced to up to 40 years in prison.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Milan: Interest rates should be cut by 50 basis points, but will actually be cut by 25 basis points.
The first phase of the Aster airdrop claim will end tomorrow at 17:00 (GMT+8).
Data: A certain whale deposited 5.01 million ASTER into an exchange, losing over $1 million in just one day.
