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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)
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From channelnewsasia.com | Oct 14, 2025
The United States government has seized more than US$14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam, accusing him and unnamed co-conspirators of exploiting forced labour to dupe would-be investors and using the proceeds to purchase yachts, jets and a Picasso painting. In an indictment unsealed on ...
From justice.gov | Oct 14, 2025
An indictment was unsealed today in federal court in Brooklyn, New York, charging UK and Cambodian national Chen Zhi, also known as Vincent, 37, the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s ...
I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution. As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.
