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US seizes $15B in Bitcoin from Cambodian Prince Group in largest DOJ crypto crackdown

Market News
23 Jun 2026, 22:54 WIB
Crypto Briefing
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Bearish
US seizes $15B in Bitcoin from Cambodian Prince Group in largest DOJ crypto crackdown

The US Department of Justice seized 127,271 Bitcoin, valued at up to $15 billion, from Cambodia's Prince Group, marking the largest cryptocurrency seizure in DOJ history. The group, led by Chen Zhi, was indicted for running forced-labor crypto scams involving fake romantic and investment schemes known as "pig butchering." Many workers were trafficked victims forced to operate these scams. The US and UK coordinated sanctions against the group, and South Korea also imposed sanctions. This crackdown signals increased regulatory risks for crypto businesses linked to Southeast Asia, as touching sanctioned wallets could lead to severe penalties and loss of access to the US financial system.

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