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International Business Times
International Business Times
Business

US Seizes Record $15 Billion in Bitcoin From Global 'Pig Butchering' Scheme Linked to Chen Zhi

Chen Zhi Bitcoin United States Prince Group
Gold round Bitcoin coin on top of a cellphone.

The US Department of Justice has seized $15 billion worth of bitcoin from a massive "pig butchering" scam, marking the largest cryptocurrency forfeiture action in American history.

The crackdown targets Chen Zhi, also known as "Vincent," who allegedly led the Prince Holding Group, a criminal network operating from Cambodia, CNBC said.

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