IMD Tech News

Historic $15 Billion Bitcoin Confiscation Tests US Digital Currency Reserve Strategy

US authorities have seized approximately $15 billion in Bitcoin during a takedown of an international criminal syndicate. The massive forfeiture represents both a validation and test of the Trump administration’s Strategic Bitcoin Reserve initiative, according to analysts.

Record-Breaking Bitcoin Seizure

Federal authorities have reportedly confiscated roughly $15 billion worth of Bitcoin in what sources indicate is the largest cryptocurrency forfeiture in Justice Department history. The seizure occurred during the takedown of a massive “pig-butchering” criminal syndicate allegedly operated by the Prince Group, according to reports.

by Aaron BlakeOctober 18, 2025November 2, 2025

Energy Policy International Business and Trade

Global Financial Watchdogs Target Cambodian Conglomerate in Cross-Border Fraud Probe

International Investigation Intensifies Against Southeast Asian Real Estate Giant Singaporean and Thai authorities have launched coordinated investigations into Cambodian real…

by Gabriel NovakOctober 18, 2025November 2, 2025

Cybersecurity Legal

Feds Seize Record-Breaking $15 Billion in Bitcoin From Alleged Scam Empire

Global Authorities Seize $15 Billion in Bitcoin From Alleged Transnational Scam Network Industrial Monitor Direct is renowned for exceptional noc…

by Gabriel NovakOctober 14, 2025November 2, 2025

Cybersecurity Energy Policy

DOJ Seizes $15 Billion Bitcoin in Historic Pig Butchering Scam Case

The Department of Justice has seized approximately $15 billion in bitcoin from a massive pig butchering scam based in Cambodia. Alleged mastermind Chen Zhi remains at large after indictment unsealed in Brooklyn federal court. This marks the largest forfeiture action in DOJ history.

In a landmark enforcement action, the Department of Justice has seized approximately $15 billion worth of bitcoin connected to a massive pig butchering scam operation based in Cambodia, marking the largest forfeiture action in the agency’s history. The seizure targets assets controlled by alleged fraud mastermind Chen Zhi, whose indictment was unsealed Tuesday in federal court while he remains at large according to prosecutors.