The Department of Justice seized $15 billion in bitcoin from Chen "Vincent" Zhi, founder of Prince Holding Group, who allegedly ran cryptocurrency-enabled forced labor operations across Cambodia. According to CNBC, prosecutors discovered facilities housing trafficked workers who operated 1,250 phones controlling 76,000 social media accounts — all designed to execute "pig butchering" scams that exploited vulnerable Americans.
The scheme represents industrial-scale fraud: trafficked individuals were locked in ten compounds across Cambodia and forced under threat of violence to spend months building fake romantic relationships with victims before convincing them to hand over cryptocurrency. These operations combined human trafficking with systematic financial fraud, creating what prosecutors