Home / General / Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps

Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps

By Kara Scannell, CNN (CNN) — Federal prosecutors seized $15 billion in cryptocurrency from an investment scheme known as “pig butchering” that they allege emanated from forced labor camps in Cambodia. The Justice Department said it’s the largest forfeiture action in its history. Prosecutors unsealed an indictment Tuesday charging Chen Zhi, a Chinese émigré who

By Kara Scannell, CNN
(CNN) — Federal prosecutors seized $15 billion in cryptocurrency from an investment scheme known as “pig butchering” that they allege emanated from forced labor camps in Cambodia.
The Justice Department said it’s the largest for… [4862 chars]

Source: ABC17News.com | Published: 2025-10-14T20:46:02Z

Credit: ABC17News.com

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