The Department of Justice has seized about $15 billion worth of bitcoin held in cryptocurrency wallets owned by a man who oversaw a massive “pig butchering” fraud operation based in Cambodia, prosecutors said Tuesday. The seizure is the largest forfeiture action by the DOJ in history. An indictment charging the alleged pig butcher, Chen Zhi, was unsealed Tuesday in federal court in Brooklyn, New York. Zhi, who is also known as “Vincent,” remains at large, according to the U.S. Attorney’s Office for the Eastern District of New York. He was identified in court filings as the founder and chairman of Prince Holding Group, a multinational business conglomerate based in Cambodia, which prosecutors said grew “in secret …. into one of Asia’s largest transnational criminal organizations. U.S. Attorney Joseph Nocella said that Zhi “directed one of the largest investment fraud operations in history, fueling an illicit industry that is reaching epidemic proportions.”

Full report : The Department of Justice has seized about $15 billion worth of bitcoin held by a man who oversaw a massive “pig butchering” fraud operation based in Cambodia.