2d ago
DOJ’s 127,271 BTC forfeiture case returns to focus amid scam-compound crackdowns
The U.S. Department of Justice is again drawing attention for a bitcoin forfeiture case tied to Cambodian national Chen Zhi, also known as Vincent. Prosecutors sought forfeiture of about 127,271 BTC—valued at roughly $15 billion at the time—while federal investigations highlighted links between crypto scams and trafficking, money laundering, and organized crime. Separate FBI actions cited billions in alleged scam-center fraud and additional measures targeting scam compounds across multiple regions.
BTC
BTC-4.28%
2d ago
2d ago
Strategy's STRC lists 11.5% annualized yield as debate grows over Bitcoin risk trade-offs
A farmer's son said his father saw his Strategy STRC preferred-stock position rise by 0.96% in one day, highlighting an instrument the company lists at an 11.5% annualized yield as of May 2026. Strategy has a June 8 shareholder vote on paying dividends more frequently, while a May 29 transfer of about 411.48 BTC to Coinbase Prime and a later withdrawal fueled short-lived sell concerns. Critics argue STRC adds counterparty risk and limits bitcoin upside, while supporters frame it as a bridge for savers who won't self-custody.
BTC
BTC-4.28%
2d ago
2d ago
Trump Executive Order on Immigration ID Checks Spurs Crypto Talk as BTC Holds $73K
President Donald Trump has signed an executive order directing U.S. regulators, including the Treasury Department, to tighten fraud screening and customer-identification checks for undocumented immigrants seeking financial services. Commentators and policy analysts say stricter access to legacy banking could steer more cash-reliant users toward crypto rails such as stablecoins and Bitcoin ATMs, while BTC trades around $73,400–$73,900 after rebounding from $72,600.
BTC
BTC-4.28%
2d ago