Federal authorities seized 127,271 Bitcoin worth $15 billion from Chen Zhi, alleged leader of a massive cybercrime network operating from Cambodia. The 38-year-old UK-Cambodian national built the Prince Group empire since 2015, running scam compounds across 30+ countries that relied on human trafficking and forced labor.
Chen faces up to 40 years in prison but remains at large. His network scammed over 250 people in New York alone out of millions. The U.S. and UK imposed coordinated sanctions on 146 people and organizations linked to Prince Group, while severing Cambodia's Huione Group from the U.S. financial system for laundering $4 billion in illicit proceeds.
Source: CyberScoop