Cambodian-British national Chen Zhi was charged in New York for alleged wire fraud and money laundering, as US authorities seized more than US$14 billion in bitcoin.

The government has seized $15 billion in bitcoin from an alleged cryptocurrency fraud kingpin accused of running forced labor camps in Cambodia, where prisoners were forced to run

Federal prosecutors said a criminal network in Cambodia used forced labor to extract billions from victims in the U.S. and around the world.

The U.S. government has seized more than $14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam, accusing him and unnamed co-conspirators of exploiting forced labor to dupe would-be investors and using proceeds to purchase yachts,

The DoJ has seized $15 billion in Bitcoin, thought to be proceeds from a 'pig butchering' scam run from forced-labor compounds in Cambodia.

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.

US authorities have unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labour camps in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that netted billions of dollars.

The United States is seeking the forfeiture of more than $14 billion in Bitcoin tied to a "pig butchering" crypto scam.

The U.S. Department of Justice (DOJ) made the largest cryptocurrency forfeiture in the department’s history earlier today after it announced seizing roughly