U.S. Targets $12B in Bitcoin From Global “Pig Butchering” Scam

TLDR: DOJ seeks to seize 127,271 BTC worth about $12B in one of the largest crypto forfeiture cases ever. The Bitcoin is linked to a transnational “Pig Butchering” fraud scheme led by Chinese national Chen Zhi. The case, filed in the Eastern District of New York, could boost U.S. government Bitcoin holdings sharply. Blockchain tracing [...]

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