Home / Politics / US moves to seize $12B in bitcoin tied to ‘pig butchering’

US moves to seize $12B in bitcoin tied to ‘pig butchering’

US legal filing outlines a criminal enterprise linking crypto fraud and human trafficking under Chen Zhi’s leadership.

The US government is moving to seize 127,271 Bitcoin worth about $14.2 billion, which investigators say was generated through a cross-border “pig butchering” scam operated by Chinese national Chen Zhi.
If completed, the Bitcoin should be added to the… [2678 chars]

Source: CryptoSlate | Published: 2025-10-14T15:57:11Z

Credit: CryptoSlate

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