Money Laundering

The $14 Billion Mystery: Chen Zhi and the Global Crypto Scam Empire

The Chen Zhi Crypto Scam has stunned the world — a story of a young entrepreneur who rose from obscurity to become one of Southeast Asia’s most powerful businessmen, only to be accused of masterminding one of the largest cryptocurrency frauds in history. According to the US Department of Justice, Chen Zhi — the 37-year-old…

Bitcoin Worth $14bn Seized in US-UK Crackdown: Chen Zhi and Prince Group Accused of Massive Crypto Scam

FFRNEWS3 months ago3 months ago06 mins

The Bitcoin worth $14bn seized this week marks one of the largest cryptocurrency crackdowns in global history, as the US and UK governments jointly targeted Cambodian billionaire Chen Zhi, founder of the Prince Group. Prosecutors allege Chen led an empire of cyber-fraud, human trafficking, and forced labor disguised under legitimate business operations. According to the…