DOJ Lands Largest Ever Forfeiture with Seizure of $15B in Bitcoin from Criminal Syndicate

Reading Time: < 1 minute

In a landmark strike against transnational crime, the US Department of Justice has seized nearly 130,000 bitcoin, valued at approximately $15 billion, marking the largest forfeiture in its history.

The seizure is connected to a Cambodia-based scam network, allegedly orchestrated by Chen Zhi, that used forced labor to defraud victims worldwide.

The massive haul has dramatically increased the US government’s total bitcoin holdings to over $36 billion, raising questions about how and when the state will manage such a vast crypto treasury.