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Feds Seize $15 Billion in Cryptocurrency Tied to Global ‘Pig Butchering’ Scam

Name: Feds Seize $15 Billion in Cryptocurrency Tied to Global ‘Pig Butchering’ Scam
Uploaded: 2025-10-14T18:00:00-07:00
Channel: NBC Palm Springs
Description: Federal authorities have seized $15 billion in cryptocurrency from a massive “pig butchering” scam linked to forced labor camps in Cambodia. Prosecutors say Chinese businessman Chen Zhi and his Prince Group empire ran one of Asia’s largest criminal networks, using fraud and human trafficking to fuel crypto investment schemes.

By: CNN Newsource

October 14, 2025

pig butchering scamcrypto fraudChen ZhiPrince GroupFBIJustice DepartmentCambodiaforced labor campscryptocurrency seizuremoney launderingwire fraud

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