The U.S. District Court for the Eastern District of New York has indicted Chinese citizen Chen Zhi, also known as Vincent, on charges of orchestrating a large-scale cryptocurrency investment fraud. The indictment, filed on October 8, accuses Chen of using Cambodia's Prince Group to establish a transnational criminal network across over 30 countries. The scheme, involving at least 10 scam operations in Cambodia, allegedly defrauded victims worldwide of billions of dollars through a 'pig-butchering' scam. The U.S. Department of Justice is seeking the forfeiture of 127,271 Bitcoin, valued at approximately $12 billion, along with other assets such as yachts and private jets. Chen faces charges of conspiracy to commit wire fraud and conspiracy to commit money laundering.