coin-img-ETHETH-1.18%coin-img-BTCBTC-0.48%coin-img-SOLSOL-0.72%coin-img-XRPXRP-0.99%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+7.38%coin-img-SUISUI-1.55%coin-img-BNBBNB-4.90%coin-img-ETHETH-1.18%coin-img-BTCBTC-0.48%coin-img-SOLSOL-0.72%coin-img-XRPXRP-0.99%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+7.38%coin-img-SUISUI-1.55%coin-img-BNBBNB-4.90%coin-img-ETHETH-1.18%coin-img-BTCBTC-0.48%coin-img-SOLSOL-0.72%coin-img-XRPXRP-0.99%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+7.38%coin-img-SUISUI-1.55%coin-img-BNBBNB-4.90%coin-img-ETHETH-1.18%coin-img-BTCBTC-0.48%coin-img-SOLSOL-0.72%coin-img-XRPXRP-0.99%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+7.38%coin-img-SUISUI-1.55%coin-img-BNBBNB-4.90%
user-avatar
Kevin Helms

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-0.50%
XRP
XRP-1.00%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.