U.S. targets Cambodian tycoon in largest crypto forfeiture case

ByEnigma 808

Hold on to your seats because the U.S. government just filed its biggest-ever cryptocurrency forfeiture case, and it’s about to rock the world. The target? Cambodian bigwig Chen Zhi, aka “Vincent,” head of the Prince Holding Group. Federal officials say this guy ran a monstrous human trafficking and cyber-fraud empire, forcing workers into hellish compounds where they were tortured into pulling off global cryptocurrency scams. And guess what? Chen’s still on the run.

This scheme wasn’t small potatoes. We’re talking forced labor, billions in stolen dollars, and a criminal network stretching from Cambodia to Brooklyn, laundering cash from over 250 victims. And the cherry on top? The U.S. seized 127,000 bitcoins—worth a staggering $15 billion—thanks to this fraud. Luxury jets, yachts, Picasso paintings, you name it, Chen’s crew blew the profits on it. The man faces 40 years in prison if caught.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.