pig butchering
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X @Arkham
Arkham· 2025-10-15 18:36
CHEN ZHI IS ON THE RUN WITH $1.8 BILLION $BTCChen Zhi, chairman of Prince Group, the human trafficking scam group that operated throughout South-East Asia, has just been sanctioned by the US Government.He holds $1.8 Billion of BTC, proceeds of ‘pig butchering’ scams that were reportedly conducted at forced labour camps in Cambodia. ...
X @CoinDesk
CoinDesk· 2025-10-14 16:08
Key Finding - DOJ seized approximately $15 billion (127,271 BTC) linked to a global "pig butchering" scam [1] Industry Implication - The seized Bitcoin is linked to Cambodia's Prince Group chairman Chen Zhi [1] - Potential use of seized BTC for a Strategic Bitcoin Reserve is being considered [1]