The US government has initiated a civil forfeiture lawsuit to confiscate 127,271 bitcoins, valued at approximately $12 billion, linked to a transnational fraud scheme. The case involves a "pig butchering" scam, with Chinese national Chen Zhi identified as the main orchestrator. This legal action underscores the US's ongoing efforts to combat international cryptocurrency-related fraud.
US Moves to Seize 127,271 Bitcoins in Chinese Fraud Case
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