US Government Seizes 127,195 Bitcoin Linked To Chen Zhi Scam – Now Holds Over 316K BTC
PositiveCryptocurrency

The US Department of Justice has made a significant move by seizing 127,195 Bitcoin linked to Chen Zhi, who is accused of running a large-scale scam in Cambodia. This seizure, valued at approximately $15 billion, represents the largest forfeiture in the DOJ's history and highlights the increasing efforts to combat global financial crimes in the cryptocurrency space. This action not only aims to recover funds for victims but also sends a strong message about the seriousness of crypto-related fraud.
— Curated by the World Pulse Now AI Editorial System