127,000 bitcoins from "Prince Group" are currently in custody of the US government
2025-10-14 15:32:42
According to a press release from the Department of Justice, the Department of Justice has filed the largest confiscation action in history against the "Prince Group", a multinational fraud group headquartered in Cambodia. The US Attorney's Office for the Eastern District of New York and the National Security Agency of the Department of Justice today filed a civil forfeiture lawsuit against the "Prince Group" for about 127,271 bitcoins (about $15 billion). These bitcoins are the proceeds and criminal instruments of the defendant's fraud and money laundering. They were previously stored in non-custodial cryptocurrency wallets, and their private keys were held by the defendant. The funds, or 127,000 bitcoins, are currently in custody of the US government. The Department of Justice also said that Chen Zhi, the chairperson of the Prince Group, is currently at large.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
