#USBitcoinReservesSurge $14.2 Billion in Bitcoin Linked to Pig Slaughter Leader Chen Qi

The US government has seized a record $14 billion in Bitcoin linked to Chen Qi's massive human trafficking and cryptocurrency fraud network.

The US Department of Justice (DOJ) has filed a civil forfeiture complaint to seize approximately 127,000 BTC, worth approximately $14.2 billion.

The Bitcoin wealth is linked to Lubian and Cambodia-based businessman Chen Qi, chairman of the Prince Group.

Record $14 Billion in Bitcoin Seized

Arcam reported via X that Chi ran large-scale human trafficking and pig slaughter schemes across Asia. This type of exploitation involves deceiving victims into fake online relationships, then convincing them to invest in fake cryptocurrency platforms. Once they deposit the funds, the scammers seize their assets and disappear.

The Prince Group's investment fraud resulted in billions of dollars in losses and suffering for victims around the world, including in New York. Che remains at large, facing charges of wire fraud and conspiracy to launder money. Prosecutors allege that the illicit proceeds were used to purchase luxury yachts, private jets, works of art, and tourist properties.