Chen Zhi, alleged leader of a major "pig butchering" scam, has filed a motion in a New York federal court to dismiss the U.S. government's seizure of his Bitcoin. His legal team argues that the prosecution lacks specific evidence linking him to the scam and questions the timeline of the cryptocurrency seizure. In October, the U.S. Department of Justice seized 127,271 bitcoins from Chen, valued at $15 billion at the time.
Chen, who lost his Cambodian citizenship and was extradited to China, faces sanctions from the U.S., UK, and other regions, resulting in over $1 billion in frozen assets. Human rights groups highlight the plight of trafficked workers fleeing the scam's operations in Cambodia, now at risk of re-trafficking.
Attorney Chen Zhi Challenges U.S. Bitcoin Seizure in Court
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.
