đ¨ $BTC SHOCKING: âPIG-BUTCHERINGâ KINGPIN CAUGHT â BILLIONS IN CRYPTO SEIZED
The dark empire behind one of cryptoâs deadliest scams has finally fallen. Chen Zhi, alleged mastermind of a global âpig-butcheringâ fraud and human trafficking ring, was arrested in Cambodia and extradited to China. This wasnât just a scam â it was industrial-scale exploitation.
đ U.S. prosecutors reveal: Chenâs network ran forced labor camps across Southeast Asia, torturing victims into running fake crypto investment schemes worldwide.
đ° Scale of the crime: 127,271 BTC seized (~$14B) â the largest crypto forfeiture in DOJ history. Funds traced through exchanges, mixers, and wallets had been fueling casinos, real estate, even a bank, all while maintaining ties to political elites.
đ Those BTC now sit with the U.S. government, pushing its total holdings to ~325,000 BTC.
This is more than fraud â itâs modern slavery powered by crypto. The real question: how many more networks like this are still hiding in plain sight?