DoJ seizes $15 billion in Bitcoin from Cambodian fraudster who ran ‘pig butchering’ scam using forced labor — accused could face 40 years in prison following department’s biggest ever crypto confiscation

October 15, 2025

, By Tom’s Hardware

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Details of the U.S. Department of Justice’s largest-ever cryptocurrency confiscation have emerged after an indictment was unsealed in a federal court in Brooklyn, New York, on Tuesday. You’ve seen the headline, and there’s a lot to take in, but the essence of the indictment is that the alleged scammer, Chen Zhi, is accused of hoarding data-analytics-id=”inline-link” href=”https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged” data-url=”https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged” target=”_blank” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>$15 billion in Bitcoin, raked in from a sophisticated ‘pig butchering’ operation run out of Cambodia. Moreover, Zhi is said to have run much of his lucrative…

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DoJ seizes $15 billion in Bitcoin from Cambodian fraudster who ran ‘pig butchering’ scam using forced labor — accused could face 40 years in prison following department’s biggest ever crypto confiscation

October 15, 2025

, Published By Tom’s Hardware

Details of the U.S. Department of Justice’s largest-ever cryptocurrency confiscation have emerged after an indictment was unsealed in a federal court in Brooklyn, New York, on Tuesday. You’ve seen the headline, and there’s a lot to take in, but the essence of the indictment is that the alleged scammer, Chen Zhi, is accused of hoarding data-analytics-id=”inline-link” href=”https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged” data-url=”https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged” target=”_blank” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>$15 billion in Bitcoin, raked in from a sophisticated ‘pig butchering’ operation run out of Cambodia. Moreover, Zhi is said to have run much of his lucrative…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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