U.S. Seizes $14 Billion in Bitcoin from Cambodian Pig Butchering Scam
CryptocurrencyCambodiaUpdated 20 hours ago

U.S. Seizes $14 Billion in Bitcoin from Cambodian Pig Butchering Scam

The U.S. government has targeted a Cambodian pig butchering operation linked to the Prince Group, resulting in a historic seizure of $14 billion in Bitcoin. This action underscores the government's commitment to combating financial crimes and protecting investors, while also increasing scrutiny on cryptocurrency operations associated with illicit activities.

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U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure
PositiveCryptocurrency
The U.S. government has made a significant move by targeting the Cambodian pig butchering operation linked to the Prince Group, marking a historic seizure of $14 billion in Bitcoin. This action not only aims to disrupt illegal activities but also sends a strong message about the government's commitment to tackling financial crimes. The sanctions imposed by the Treasury Department on the Prince Group and the severing of Huione from U.S. finance highlight the increasing scrutiny on cryptocurrency operations and their ties to illicit activities.
DOJ’s Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian ‘Pig Butchering’ Scam
PositiveCryptocurrency
The US Department of Justice has made headlines with its largest cryptocurrency seizure ever, confiscating around $15 billion in Bitcoin linked to a major fraud operation in Cambodia. This crackdown on the so-called 'pig butchering' scam highlights the government's commitment to combating financial crimes and protecting investors. By taking such decisive action, the DOJ not only disrupts criminal activities but also sends a strong message about the importance of security in the cryptocurrency space.

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