U.S. authorities have seized $15 billion in Bitcoin linked to a massive financial scam orchestrated by the founder of Cambodia's "Prince Group," Chen Zhi. The amount is equivalent to one-third of Cambodia's GDP. Chen allegedly used his ministerial title and political asylum to create a fraudulent empire disguised as a legitimate business. The operation involved violence, forced labor, and elaborate scams, with the United Nations estimating losses in the tens of billions of dollars.
$15 Billion in Bitcoin Seized in Cambodian Financial Scam
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
