Wu Blockchain (@WuBlockchain): EDNY has formally indicted Chinese businessman Chen Zhi, accusing him of running a transnational criminal network through Cambodia’s Prince Group that…
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EDNY has formally indicted Chinese businessman Chen Zhi, accusing him of running a transnational criminal network through Cambodia’s Prince Group that carried out large-scale crypto investment scams across more than 30 countries. The indictment alleges that Chen’s organization operated at least 10 scam compounds in Cambodia, defrauding victims worldwide of billions of dollars through “pig-butchering” schemes. The DOJ is seeking the forfeiture of 127,271 BTC and luxury assets including yachts and private jets. https://t.co/JjxMl9Epgy