US Seized $14 Billion Worth of Bitcoin – Here Are the Details

The US Attorney's Office for the Eastern District of New York (EDNY) has formally charged Chinese businessman Chen Zhi with operating a large-scale cryptocurrency investment scam in more than 30 countries through his international criminal network the Cambodia-based Prince ￰0￱ indictment alleges that Chen's organization operated at least 10 different fraud centers in Cambodia causing billions of dollars in losses globally through methods known as “pig-butchering.” The US Department of Justice (DOJ) requested the seizure of numerous assets including 127,271 Bitcoin (BTC) and luxury yachts and private jets

as part of the ￰1￱ US Treasury Department has also placed Prince Group TCO controlled by Chen Zhi and its affiliated network in Palau on its sanctions ￰2￱ includes banning US citizens from conducting any transactions with the entities and freezing all related ￰3￱ News: BREAKING: FED Chairman Jerome Powell Makes Live Statements FinCEN (Financial Crimes Enforcement Network) also identified the Cambodia-based Huione Group as the center of approximately $4 billion in money laundering ￰4￱ agency found that transactions between August 2021 and January 2025 included $37 million in thefts from North Korean hacker ￰5￱ announced that Huione Group has been completely removed from the US financial ￰6￱ researcher ZachXBT recalled that the wallet address holding approximately 127,000 BTC that the US government plans to seize was flagged two years ago in the Milky Sad report for a private key ￰7￱ US government reportedly now has control of the Bitcoin wallet in ￰8￱ value of these Bitcoin assets today corresponds to approximately $14 billion. *This is not investment ￰9￱ Reading: US Seized $14 Billion Worth of Bitcoin – Here Are the Details