FBI seizes 127,000 BTC worth $8B - Largest Crypto Forfeiture in US History


Operation "Blackout" took down scam compounds across Asia, Africa and the Middle East.
🔹 127,000+ $BTC seized (~$8B at current price, reportedly up to $15B at seizure)
🔹 Chen Zhi, CEO of Cambodia's Prince Holding Group, arrested
🔹 ~300 people arrested across the operation
🔹 275 detained in Dubai (Operation Sand Dollar)
🔹 Nearly 2,000 trafficking victims rescued
These compounds ran romance scams and fake crypto investment schemes targeting Americans. IC3 logged nearly 72,000 complaints in 2025, over $7.5B in losses.
Lesson: Bitcoin is NOT anonymous. On-chain trails caught them.
Verify every "investment" before sending a single sat.
BTC0.28%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-4c904b40
· 3h ago
Pay close attention 🔍
View OriginalReply0
  • Pinned