-
U.S. Government Adds To Bitcoin Reserve With Historic $15 Billion Seizure In Forced Labor Crypto Scam Case
The United States government has taken custody of roughly 127,271 Bitcoin, worth about $15 billion, marking the largest cryptocurrency forfeiture in Department of Justice history. The move effectively adds a massive tranche to the federal government’s strategic Bitcoin reserves following the dismantling of an alleged transnational cyber-fraud empire based in Cambodia. The seizure stems from a sweeping federal indictment unsealed Tuesday in Brooklyn, charging Chen Zhi, 37, a U.K. and Cambodian national known as Vincent, and chairman of Prince Holding Group, with wire fraud conspiracy and money laundering conspiracy, ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From justice.gov|Oct 14, 2025Roger Ver, an early bitcoin investor known as “Bitcoin Jesus,” entered into a deferred prosecution agreement with the Justice Department to resolve federal tax charges brought ...
From theblock.co|Oct 14, 2025On Monday, California Governor Gavin Newsom signed Assembly Bill 1052 (AB 1052) into law, amending the state's Unclaimed Property Law to include digital financial assets such as ...
From exchangerates.org.uk|Oct 14, 2025Even by the standards of crypto currencies, bitcoin has been on a wild ride during October. After surging to a fresh record high above $125,000 during the first week, there was a ...
-
- Newer Stories
From finance.yahoo.com|Oct 14, 2025Elon Musk said Tuesday that Bitcoin (CRYPTO: BTC) is based on energy and, unlike fiat currencies, governments cannot fake it and issue their own. You Can’t Print Energy, Agrees ...
From cnbc.com|Oct 14, 2025|6 commentsChina’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade ...
From wellsfargo.bluematrix.com|Oct 14, 2025|20 commentsThe federal government has been shut down for 14 days as of today (October 14), and there appears to be no end in sight for the shutdown. The House of Representatives passed a ...
