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US indicts 'mastermind' of Cambodian cyber-scam network, seizes $15B in Bitcoin

The Hill•Tuesday, October 14, 2025 at 8:34:34 PM
PositiveU.S News
US indicts 'mastermind' of Cambodian cyber-scam network, seizes $15B in Bitcoin
The U.S. Department of Justice has taken a significant step in combating cybercrime by indicting Chen Zhi, the alleged mastermind behind a massive cryptocurrency fraud scheme based in Cambodia. This indictment, which was unsealed recently, highlights the serious nature of the fraud that involved forced labor and significant financial losses for victims. The seizure of $15 billion in Bitcoin underscores the scale of the operation and the government's commitment to tackling such crimes, which not only affect individuals but also undermine trust in digital currencies.
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