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📢 Major legal blow: U.S. seizes over $14 billion in Bitcoin and charges leader of massive scam

The U.S. government has seized assets amounting to over US$ 14 billion in Bitcoin, and has charged Chen Zhi, president of Prince Holding Group in Cambodia, with fraud and money laundering for leading a global "pig butchering" (investment scam) operation.

Reports indicate that the operation forced individuals to work under extreme conditions, using false identities to lure investors, launder funds, and spend them on luxury goods such as yachts and jets.

💬 Crucial question for the community:
How much do you think these types of illegal operations contribute to the distrust towards cryptocurrencies?
Do you think stronger regulations are the way forward or could they stifle innovation? Comment below 👇

#CryptoCrime #Bitcoin #Regulation #Fraud #DataBlockPulse