In a coordinated international operation, US and UK authorities have seized nearly 130,000 Bitcoin worth approximately $15 billion from the alleged Cambodian Prince Group criminal organization. The massive seizure represents the largest cryptocurrency confiscation in US history and targets operators of forced labor scam compounds across Southeast Asia.
In a landmark international law enforcement operation, authorities from the United States and United Kingdom have dismantled a massive transnational criminal enterprise, seizing nearly 130,000 Bitcoin valued at approximately $15 billion at the time of announcement. This historic action targets the alleged operators of numerous forced labor scam compounds across Cambodia responsible for what officials describe as “one of the largest investment fraud operations in history.”
The Unprecedented Scale of the Operation