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Crypto
US Seizes $15B Bitcoin Linked to Cambodian Tycoon Chen Zhi
11/25/2025, 12:36
AI SUMMARY
●• Chen Zhi sanctioned by US/UK for "pig-butchering" scams with $15B BTC seized
●• Seizure involves roughly 120,000 BTC, drawing shock from the market
●• Marks a major enforcement action against crypto fraud in Southeast Asia
Wu Blockchain reports that Chen Zhi, the founder of Cambodia's Prince Holding Group, has been sanctioned by the US and UK for alleged global "pig-butchering" scams. The US has reportedly seized over $15 billion in bitcoin linked to these operations.
The scale of the seizure, involving approximately 120,000 BTC, has drawn significant attention within the trader community. Observers noted the magnitude of the assets involved, with some expressing shock at the sheer volume being confiscated in a single case.
This event marks a significant enforcement action against crypto-related fraud in Southeast Asia. The sanctions against Chen Zhi and the massive asset seizure highlight the intensifying global regulatory scrutiny on illicit crypto activities and money laundering networks.