DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown
The post DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown appeared on BitcoinEthereumNews.com. Key Takeaways Authorities sought forfeiture of 127,271 BTC in a case involving Cambodian national Chen Zhi. Federal investigators linked crypto scams to trafficking, money laundering, and organized crime networks. DOJ and FBI actions show broader pressure on scam compounds operating across Southeast Asia and beyond. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus after new reporting on global scam-compound crackdowns. The case was first announced by the Justice Department on Oct. 14, 2025, when prosecutors unveiled criminal charges against Cambodian national Chen Zhi and a related civil forfeiture complaint. The Justice Department said Chen, also known as Vincent, founded and chaired Prince Holding Group, a Cambodia-based conglomerate. Prosecutors charged him in Brooklyn wit