The US Department of Justice has seized $15 billion worth of bitcoin from a massive "pig butchering" scam, marking the largest cryptocurrency forfeiture action in American history.

The crackdown targets Chen Zhi, also known as "Vincent," who allegedly led the Prince Holding Group, a criminal network operating from Cambodia, CNBC said.

Chen Zhi, a 38-year-old Chinese-born businessman, remains at large and faces charges including wire fraud conspiracy and money laundering conspiracy.

Prosecutors say Zhi ran one of Asia's largest transnational criminal organizations, with scam compounds across Cambodia where trafficked workers were forced to carry out elaborate cryptocurrency investment scams.

"These scams stole billions of dollars from victims worldwide," said Joseph Nocella Jr.,

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