The U.S. Department of Justice has seized 127,271 bitcoins from Chen Zhi, Chairman of Cambodia's Prince Group, in connection with a 2020 hacking incident involving the LuBian Mining Pool. The investigation linked Chen Zhi to money laundering activities using the stolen cryptocurrency assets. This significant seizure underscores ongoing vulnerabilities in cryptocurrency security and highlights the complexities of state-level digital asset recovery efforts.
U.S. DOJ Seizes 127,271 BTC from Cambodian Prince Group Chairman
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