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 Tuesday (Oct 14), Brooklyn federal prosecutors charged Prince Holding Group chairman Chen Zhi with wire fraud conspiracy and money laundering conspiracy. At the same time, US and British authorities imposed sanctions on Chen's company, which is involved in real ... (full story)