One of the darkest empires in crypto just collapsed. Chen Zhi, the alleged mastermind behind a global “pig-butchering” fraud and human trafficking network, has been arrested in Cambodia and extradited to China. Authorities say this wasn’t just a scam — it was an industrial-scale operation.
According to U.S. prosecutors, Chen’s network ran forced labor camps across Southeast Asia, where trafficked victims were beaten and tortured into running fake crypto investment scams targeting victims worldwide. The scale is staggering: 127,271 BTC seized, worth roughly $14 billion — the largest crypto forfeiture in DOJ history.
Investigators traced stolen funds through exchanges, mixers, and wallets back to Chen’s control, funding casinos, real estate, and even a bank — all while he maintained ties to political elites. Those BTC now sit with the U.S. government, pushing total holdings to ~325,000 BTC.
This wasn’t just fraud. It was modern slavery powered by crypto.
The question now: how many more networks like this are still hiding in plain sight?
One of the darkest empires in crypto just collapsed. Chen Zhi, the alleged mastermind behind a global “pig-butchering” fraud and human trafficking network, has been arrested in Cambodia and extradited to China. Authorities say this wasn’t just a scam — it was an industrial-scale operation.
According to U.S. prosecutors, Chen’s network ran forced labor camps across Southeast Asia, where trafficked victims were beaten and tortured into running fake crypto investment scams targeting victims worldwide. The scale is staggering: 127,271 BTC seized, worth roughly $14 billion — the largest crypto forfeiture in DOJ history.
Investigators traced stolen funds through exchanges, mixers, and wallets back to Chen’s control, funding casinos, real estate, and even a bank — all while he maintained ties to political elites. Those BTC now sit with the U.S. government, pushing total holdings to ~325,000 BTC.
This wasn’t just fraud. It was modern slavery powered by crypto.
The question now: how many more networks like this are still hiding in plain sight?
$BTC Virtual currency is a scam. Good news also collapses. Bad news collapses strongly. On ordinary days it also collapses. At the end of the year it also collapses. Looking at gold. Stocks, real estate see x2 x3 x4 x5. Only when fortune runs out do you realize this gambling trick. They have already occupied the capital and still intend to take everything. Just let it go, everyone, it’s all just a deceptive illusion. I'm going ahead here :)))
When Bitcoin fluctuates around the level of $85,000, Michael Saylor shared his view: "Volatility is the gift Satoshi has given to the loyal." He continued to emphasize that if BTC only increased steadily by 2% every month without volatility, "Warren Buffett would own everything." This makes people can't help but laugh at the humor of the situation.#USJobsData $BTC $ETH