Bitcoin Scam: U.S. Seizes $15 Billion in Historic Crypto Crackdown Linked to Cambodian Billionaire

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Judge Rules Pedro Hernandez Must Be Re-Tried or Released in 1979 Etan Patz Murder Case – USA Herald

Victims believed they were chatting with romantic partners, but prosecutors say every message was part of a script designed to drain them of money and crypto.

“Victims thought they’d found a soulmate; instead, they met a script,” one investigator told reporters.

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Zhi, who remains at large, is accused of laundering billions through shell companies and fake crypto exchanges that presented themselves as legitimate investment opportunities.

The DOJ’s $15 Billion Breakthrough

When the U.S. government seized 127,271 bitcoins, it didn’t just intercept a fortune — it struck a major blow against transnational crypto fraud. The scale is staggering: the seized assets are worth more than many countries’ gold reserves.

This seizure marks a turning point for law enforcement’s ability to track and recover stolen digital assets. “This isn’t just a digital heist,” said one DOJ spokesperson. “It’s old-school organized crime with a crypto twist.”