Tag Archives: Butchering

Federal prosecutors seized $15 billion in cryptocurrency from an investment scheme known as “pig butchering” that they allege emanated from forced labor camps in Cambodia. The Justice Department said it’s the largest forfeiture action in its history. Prosecutors unsealed an indictment Tuesday charging Chen Zhi, a Chinese émigré who holds several passports and built the Cambodia-based Prince Group, one of …

The US government has seized 134.5 BTC, or $15 billion worth of Bitcoin, held by a man who ran a “pig butchering” fraud operation based in Cambodia. Per the DOJ, the alleged pig butcherer, Chen Zhi, is still at large. JUST IN: 🇺🇸 US Government seizes $15 billion worth of Bitcoin from ‘pig butchering’ scam based in Cambodia. — Watcher.Guru …

Millions Stolen, Death Threats: Should Banks Do More to Fight ‘Pig Butchering’?  The Wall Street JournalView Full Coverage on Google News Source link