In a jaw-dropping takedown, the U.S. Department of Justice seized 127,271 bitcoins valued at $15 billion—the largest crypto forfeiture in history—from a ruthless "pig butchering" scam masterminded out of Cambodia. These scams, known as "Sha Zhu Pan," lure victims with fake romances or sham investments before draining their wallets. The alleged kingpin, Chen Zhi ("Vincent"), 37, ran Prince Holding Group, a supposed real estate empire that masked a sinister operation. Trafficked workers, coerced in brutal "phone farm" compounds, swindled millions globally, raking in up to $30 million daily, laundered through shadowy crypto wallets. Federal prosecutors in Brooklyn charged Zhi with orchestrating this forced-labor fraud, while the Treasury sanctioned his crew as a "transnational criminal organization." FBI Director Kash Patel called it a sprawling global scheme. This bust is a major blow to Asia’s scam epidemic, but beware—those charming DMs might still hide a nefarious agenda.

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Link to article: https://www.foxbusiness.com/fox-news-crime/billions-bitcoin-seized-doj-massive-pig-butchering-crypto-scam-cambodia