DOJ seizure of Prince Group bitcoin tied to Chen Zhi
Law Enforcement
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The U.S. Department of Justice seized $15 billion in bitcoin from Chen Zhi in a pig butchering crypto-investment fraud case, sharply increasing pressure on a major transnational cybercrime network. The action targets Prince Group, which allegedly stole billions from victims in the United States through romance baiting and investment scams. It also reflects a broader enforcement push against a network that operated across over 30 countries since approximately 2015.
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Timeline
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14.10.2025 20:37 2 articles · 8mo ago
DOJ seizes $15 billion in bitcoin and OFAC sanctions Prince Group targets
Legal Policy Action UpdateThe U.S. Department of Justice seized $15 billion in bitcoin from Chen Zhi, also known as Vincent, of Prince Group, a Cambodia-linked criminal organization accused of running cryptocurrency investment scams, romance baiting, and pig butchering schemes against victims in the United States and around the world. In coordination with the United Kingdom's Foreign, Commonwealth, and Development Office, the U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Chen Zhi and 146 other targets tied to the Prince Group network.
Show sources
- US seizes $15 billion in crypto from 'pig butchering' kingpin — www.bleepingcomputer.com — 14.10.2025 20:37
- US seizes $15 billion in crypto from 'pig butchering' kingpin — www.bleepingcomputer.com — 14.10.2025 20:37