A guy named Chen Zhi ran scam factories across Cambodia. Not metaphorically. Actual buildings with actual people locked inside, forced to run pig butchering scams at gunpoint.
The number is $15 billion. That is the largest forfeiture action the DOJ has ever filed. 146 sanctions targets. Compounds full of trafficking victims who were beaten if they did not hit their quota of strangers to defraud online.
Here is the part that will make you put your phone down. They caught him. They built the case. And then Chen Zhi got deported to China instead of standing in a US courtroom. No trial. No cell. A flight.
The money that drained out of these compounds went into Bitcoin, because of course it did. Billions of it, onchain, traceable, and still mostly gone.
Every time someone tells you crypto crime is just teenagers in basements, remember the Prince Group. This was an industry. With a payroll. And a body count.
Full story on cryptomediazone.com
$BTC #CryptoScam #PigButchering #Cybersecurity #CMZ
The number is $15 billion. That is the largest forfeiture action the DOJ has ever filed. 146 sanctions targets. Compounds full of trafficking victims who were beaten if they did not hit their quota of strangers to defraud online.
Here is the part that will make you put your phone down. They caught him. They built the case. And then Chen Zhi got deported to China instead of standing in a US courtroom. No trial. No cell. A flight.
The money that drained out of these compounds went into Bitcoin, because of course it did. Billions of it, onchain, traceable, and still mostly gone.
Every time someone tells you crypto crime is just teenagers in basements, remember the Prince Group. This was an industry. With a payroll. And a body count.
Full story on cryptomediazone.com
$BTC #CryptoScam #PigButchering #Cybersecurity #CMZ