DOJ seizes $15B in bitcoin from massive ‘pig butchering’ scam with ‘forced labor’ — as bosses bought lux watches, real estate

New York PostTuesday, October 14, 2025 at 5:26:29 PM
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DOJ seizes $15B in bitcoin from massive ‘pig butchering’ scam with ‘forced labor’ — as bosses bought lux watches, real estate
The Department of Justice has made a historic move by seizing approximately $15 billion in bitcoin linked to a massive scam known as 'pig butchering,' allegedly orchestrated by Chen Zhi, the founder of Prince Holding Group. This action not only marks the largest seizure in the DOJ's history but also highlights the ongoing battle against financial fraud and forced labor. It underscores the government's commitment to tackling such crimes and protecting victims, making it a significant moment in the fight against illicit financial activities.
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