The U.S. seizes 127,000 Bitcoins from Cambodia’s Prince Group, drawing global attention
(The image shows a “mobile phone farm” operated by Prince Holding Group. Source: Indictment) On October 14, the U.S. Department of Justice (DOJ) filed criminal charges against Chen Zhi, founder of Cambodia ’ s Prince Holding Group, and announced the seizure of approximately 127,271 bitcoins under his control, with a total value of up to $15 billion. The U.S. described this move as a historic law enforcement action targeting transnational online fraud. The case has sparked widespread international discussion, with media outlets including the BBC, Lianhe Zaobao, and Las Vegas News reporting on it and expressing differing opinions on the legality of the U.S. ’ s unilateral actions. According to the DOJ ’ s indictment, Chen Zhi and Prince Holding Group operated “ pig-butchering ” scams through transnational corporate networks and were also suspected of money laundering and forced labor. The group conducted business in more than 30 countries and set up multiple “ forced labor scam ...