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The Biggest Crypto Fraud Exposed with $15B Bitcoin Seizure
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Subscribe15 OCT 2025 / TECHNOLOGY
CPE Approved
The US federal authorities have seized 127,271 bitcoins, worth nearly $15 billion, in connection with one of the biggest cryptocurrency fraud operations ever detected, linked to Chen Zhi, the chairman of Cambodia's Prince Holding Group. The unprecedented seizure followed a complex international investigation involving forced labor, romance scams, and high-yield investment traps, which resulted in the US Treasury designating the Prince Group as a transnational criminal organization, and sanctions were imposed on Chen Zhi and over 100 related individuals and entities, marking a significant step against crypto-fueled crime.
In an unprecedented move by federal authorities, 127,271 bitcoins, valued at nearly $15 billion, have been seized in connection with one of the largest crypto fraud operations ever uncovered. This action is tied to Chen Zhi, chairman of Cambodia’s P...
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