On October 14, 2025, the US Department of Justice announced the civil forfeiture of 127,271 Bitcoins worth between USD 14 and 15 billion connected to Chen Zhi (also known as Vincent Chen), a Chinese-born Cambodian businessman and founder of Prince Group. The case marks the largest cryptocurrency seizure in history, linking the assets to a sophisticated web of transnational crimes: cross-border fraud, forced labor, and money laundering, centered in scam compounds in Cambodia and Myanmar. Concurrent actions in the UK involved asset freezes, while multiple jurisdictions cooperated to dismantle Chen’s shadow financial ... (full story)