DoJ seizes $15 billion in Bitcoin from Cambodian fraudster who ran 'pig butchering' scam using forced labor — accused could face 40 years in prison following department's biggest ever crypto confiscation

The U.S. Department of Justice has seized $15 billion in Bitcoin from Chen Zhi, accused of running a massive 'pig butchering' scam using forced labor in Cambodia. Zhi, the founder of Prince Group, is facing charges of wire fraud conspiracy and money laundering conspiracy. The FBI seized 127,271 bitcoin from Zhi, labeling the funds as ill-gotten gains. Prince Group, initially a real estate and financial services business, evolved into a cover for a large criminal organization spanning over 30 countries. Zhi could face up to 40 years in prison if convicted, while Prince Group has been designated a transnational criminal organization by U.S. and UK authorities.