U.S. DOJ Seizes 127,271 Bitcoin Worth $14 Billion in Global Fraud Crackdown
The U.S. Department of Justice just executed one of the largest Bitcoin seizures in history, confiscating 127,271 BTC valued at more than $14 billion from a transnational cyber-fraud operation. The scheme, dubbed a “pig-butchering” network, was allegedly run out of Cambodia and linked to Chinese businessman Chen Zhi, known as the “crypto kingpin” behind a massive global scam ring. This unprecedented move makes the U.S. government the second-largest Bitcoin holder in the world, now controlling more than 327,000 BTC in seized assets. What Happened According to reports from The Guardian and Business Insider, the seizure followed a joint U.S.–U.K. operation