DOJ Seizes Massive Bitcoin Holdings, Boosting US Crypto Reserve to $36 Billion

The U.S. Department of Justice (DOJ) has seized over 127,000 bitcoins, valued at approximately $14 billion, marking a significant milestone in its ongoing efforts against cryptocurrency fraud. The seizure stems from investigations into the actions of Chen Zhi, founder of the Prince Holding Group based in Cambodia. Zhi is accused of operating a complex network of scams involving forced labor and global financial exploitation.