{"id":52825,"date":"2025-10-14T17:01:36","date_gmt":"2025-10-14T17:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52825"},"modified":"2025-10-14T17:01:36","modified_gmt":"2025-10-14T17:01:36","slug":"dojs-largest-bitcoin-seizure-15-billion-in-btc-linked-to-cambodian-pig-butchering-scam","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52825","title":{"rendered":"DOJ\u2019s Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian \u2018Pig Butchering\u2019 Scam"},"content":{"rendered":"<div>\n<p>The US Department of Justice (DOJ) has announced its largest cryptocurrency seizure to date, confiscating approximately $15 billion worth of Bitcoin (BTC) from cryptocurrency wallets linked to a man overseeing a large-scale \u201cpig butchering\u201d fraud operation based in Cambodia.\u00a0<\/p>\n<p>This significant operation was detailed in an <a href=\"https:\/\/www.justice.gov\/opa\/pr\/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged\" target=\"_blank\" rel=\"noopener nofollow\">indictment <\/a>unsealed in federal court in Brooklyn, New York, on Tuesday, charging the alleged fraudster, Chen Zhi, also known as \u201cVincent.\u201d<\/p>\n<h2>Prince Group\u2019s Alleged Fraud Schemes<\/h2>\n<p>Chen Zhi is the founder and chairman of the Prince Holding Group, a multinational conglomerate based in Cambodia. Prosecutors allege that under his leadership, the group evolved \u201cin secret\u201d into one of Asia\u2019s most extensive transnational criminal organizations.\u00a0<\/p>\n<p>US Attorney Joseph Nocella characterized Zhi\u2019s efforts as directing \u201cone of the largest investment fraud schemes in history,\u201d contributing to what the Attorney calls as an \u201cillicit industry\u201d that has reached \u201cepidemic levels.\u201d<\/p>\n<p>According to Nocella, \u201cPrince Group\u2019s investment scams have caused billions of dollars in losses and untold misery to victims around the world, including here in New York, on the backs of individuals who have been trafficked and forced to work against their will.\u201d\u00a0<\/p>\n<h2>Hundreds Trafficked For Bitcoin Fraud\u00a0<\/h2>\n<p>The US Attorney\u2019s Office revealed that individuals held in these compounds were coerced into participating in cryptocurrency investment fraud schemes, commonly referred to as \u201cpig butchering\u201d scams.\u00a0<\/p>\n<p>The funds transferred by victims were stolen and laundered to benefit the fraudsters. The perpetrators allegedly cultivated relationships with their victims over time, earning their trust before taking their money. Prosecutors highlighted that \u201chundreds of individuals\u201d were trafficked and compelled to work in these scam operations.<\/p>\n<p>Furthermore, Zhi and a network of senior executives within the Prince Group are accused of leveraging political connections across multiple countries to safeguard their criminal activities. They allegedly paid bribes to public officials, effectively evading law enforcement scrutiny.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/LQwLgG4K\/\" alt=\"Bitcoin\" width=\"1814\" height=\"928\"><\/p>\n<p>When writing, Bitcoin trades at $112,340, resuming its downtrend after a brief recovery above $115,000 on Monday. As of now, Bitcoin trades nearly 11% from all-time high levels.\u00a0<\/p>\n<p>Featured image from DALL-E, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Department of Justice (DOJ) has announced its largest cryptocurrency seizure to date, confiscating approximately $15 billion worth of Bitcoin (BTC) from cryptocurrency wallets linked to a man overseeing a large-scale \u201cpig butchering\u201d fraud operation based in Cambodia.\u00a0 This significant operation was detailed in an indictment unsealed in federal court in Brooklyn, New York, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52825","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52825"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52825\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}