US Recovers $14 Billion in Bitcoin Tied to Major Crypto Crime Ring

The U.S. government has seized over $14 billion worth of Bitcoin, linked to a massive ‘pig butchering’ scam that exploited victims across Asia. Chen Zhi, the alleged mastermind behind this scheme, is now facing legal consequences as authorities dismantle the illicit network. 127,271 BTC were seized and are currently under US control. This action marks the largest cryptocurrency seizure in history, shedding light on the intricate tactics employed by criminals operating within this lucrative industry.