DOJ Targets $15B Bitcoin in Fraud & Mining Case ⚖️

[cryptohog]

US prosecutors unsealed an indictment against Prince Holding Group (Cambodia) and its founder Chen Zhi, accusing them of:

Running large-scale crypto fraud schemes

Laundering proceeds through Warp Data (Laos), its Texas sub, and LuBian (China)

Using mining to create “clean Bitcoin” disassociated from criminal activity

DOJ says the seized BTC is already in custody and could be forfeited to the US government if convictions are secured.

[jacson4]

Europe’s growing stablecoin ecosystem is positioning it as a serious global contender.

[kelson10]

This crackdown shows regulators are ramping up enforcement in crypto’s gray zones.