Overview

• Justice Department officials say the 127,271 BTC, valued at roughly $14–15 billion, are already in U.S. custody in what they call the largest forfeiture action in the agency’s history.
• Federal prosecutors in Brooklyn unsealed charges against Chen Zhi, alleged leader of Cambodia-based Prince Group, for wire fraud and money‑laundering conspiracy; he remains at large and faces up to 40 years if convicted.
• Court filings describe forced‑labor scam compounds in Cambodia where trafficked workers were compelled under threats of violence to run long‑con cryptocurrency investment schemes that stole billions from victims worldwide.
• Prosecutors allege proceeds were laundered through layered shell companies, real estate, casinos, and large bitcoin‑mining operations in Asia and the United States, with bribes to officials used to shield operations.
• Treasury’s OFAC sanctioned 146 people and entities tied to the Prince Group, FinCEN designated Cambodia’s Huione Group under Section 311 to cut it off from the U.S. financial system, and the U.K. announced parallel sanctions and property freezes.