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DOJ seizes record 127,271 BTC worth $15B in crackdown on global crypto scam networks

Market News
31 May 2026
Bitcoin
View Source
Bearish
DOJ seizes record 127,271 BTC worth $15B in crackdown on global crypto scam networks

The U.S. Department of Justice has seized 127,271 bitcoins valued at about $15 billion in a landmark forfeiture case linked to global crypto scams, fraud, and organized crime. The case targets Cambodian national Chen Zhi and his conglomerate, Prince Holding Group, accused of wire fraud and money laundering. This action is part of broader FBI and DOJ efforts, including Operation Blackout, to dismantle scam compounds across Asia and beyond, involving cooperation with tech firms like Starlink. The crackdown aims to protect victims and disrupt transnational criminal networks exploiting cryptocurrency fraud.

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Investec Bank discloses share dealings in Gamma Communications on October 14, 2026.

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Man Group discloses 5.9% stake in Vesuvius plc and recent share sale.

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Global shape memory alloys market to reach $31.97B by 2031, driven by medical, EV, and aerospace demand.

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