U.S. Seeks $12B in Bitcoin Forfeiture from Chinese National in Pig Butchering Scam

Gate News bot message, in a significant action by the U.S. District Court EDNY, authorities are pursuing the forfeiture of 127,271 Bitcoin (approximately $12 billion) connected to a transnational pig butchering scam operation. The scheme is allegedly orchestrated by Chinese national Chen Zhi.

This marks one of the largest cryptocurrency asset forfeiture cases in U.S. history, targeting the proceeds from a sophisticated pig butchering scam network that has defrauded numerous victims across multiple jurisdictions.

BTC1.8%
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EverythingIsFinevip
· 20h ago
12B is 12 billion
View OriginalReply0
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