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News in English (USA) / 14.10.2025 / 23:00

Major Crackdown on Cambodian Crypto Scam Results in $15 Billion Seizure

U.S. authorities have indicted the chairman of the Prince Group and seized a record $15 billion in Bitcoin linked to a large-scale ‘pig butchering’ scam based in Cambodia. This operation exploited forced labor and involved a sophisticated cyber-scamming network that targeted U.S. victims. In a joint effort, U.S. and U.K. officials imposed sanctions on key figures within this organization, which is accused of utilizing human trafficking to fund its fraudulent activities. The crackdown has also seen extensive asset freezes, including properties worth millions linked to the alleged scammers. The seizure marks a significant escalation in the fight against online fraud and human exploitation in Southeast Asia.
Department of Justice (.gov), CNN, Ars Technica, CNBC, The Wall Street Journal, The Guardian, The Washington Post, WIRED, The Hill, Bloomberg.com