Quote of the Day
In a landmark operation, U.S. authorities have seized 127,271 Bitcoins—valued at roughly $15 billion—from an international scam syndicate operating out of Cambodia. This unprecedented recovery, the largest in American history, marks a turning point in the global fight against cyber-enabled financial crime. Investigators traced the digital currency to a sprawling network of fraudulent investment schemes orchestrated by Chen Vincent Zhi, a prominent Cambodian businessman. The case not only exposes the dark underbelly of cryptocurrency but also highlights the growing sophistication of law enforcement in tracking illicit digital assets.
Shay Johnson
November 2, 2025
World’s Largest Crypto Seizure Announced—DOJ Takes Down $15B Pig-Butchering Empire Across 30 Nations
I heard a presentation on the pig butchering* scams about two years ago. The stories told were just heartbreaking. Lonely, frequently elderly people where completely drained of all their wealth and left with huge loans they were unable to repay. They were frequently convinced to borrow money from friends and family.
The authorities knew the geographical location of the scammer were. It was near the border with China. When the location was revealing in the presentation, I was of the mood to advocate for just bombing the place. If the local authorities would not shut them down, a few dozen bombs should do the job, I thought. Then they told of the slaves they held to implement the scams. Their situation was even worse than the financial scam victims. My high explosives solution to the problem suddenly became significantly less ethical.
That this evil empire has been broken up, some restitution is likely, and the slaves are being rescued is extremely good news to me.
* “Pig butchering” is a type of financial scam where fraudsters build trust with victims over time—often through social media or dating platforms—before convincing them to invest in fake or manipulated financial schemes, such as cryptocurrency or forex trading. The term refers to “fattening up” the victim with attention and false profits before “slaughtering” them by draining their funds. It’s a blend of romance scam and investment fraud, often run by organized criminal networks.













