Federal authorities have seized a staggering $15 billion worth of bitcoin linked to an alleged international fraud operation that used trafficked workers to carry it out. In an indictment unsealed on Oct. 14, prosecutors accused Chen Zhi, founder and chairman of Prince Holding Group, of leading a widespread cryptocurrency investment scam under the conglomerate that involved forced-labor compounds across Cambodia. Individuals were allegedly held against their will and engaged in “pig butchering” scams, swi ...

Criminal Activity & Asset Seizure - US Government linked LuBian to Chen Zhi's criminal organization involved in 'pig butchering' scams and order fraud [1] - The scams were operated from 'forced labour' internment camps in Cambodia, utilizing human trafficked migrants [1] - Chen Zhi allegedly used online gambling companies and cryptocurrency mining (via LuBian) to conceal the funds' origin [1] - US Government filed for forfeiture of 127,271 BTC, valued at $142 billion, connected to Chen Zhi [1] Key Individuals & Entities - LuBian is implicated in the criminal activities [1] - Chen Zhi, chairman of Prince Group, is alleged to have run large-scale scams [1] Modus Operandi - The criminal organization employed 'pig butchering' scams and order fraud [1] - Cryptocurrency was used to obscure the source of funds [1]