U.S. Government Targets 127,271 BTC in Cambodia Ponzi Case

2 mins mins

Key Points:

U.S. seeks to seize 127,271 BTC linked to a Ponzi scheme.
Chen Zhi’s Prince Group under scrutiny.
Global implications for cross-border crypto crime.

U.S. authorities plan to seize 127,271 BTC worth $12 billion linked to a Ponzi scheme by Cambodia’s Prince Group, led by Chen Zhi, announced on October 14.

This seizure marks a significant step in targeting cross-border crypto fraud, potentially influencing regulatory measures and market stability.

U.S. and U.K. Unite Against 127,271 BTC Fraud Case

The U.S. has partnered with the U.K. to address global cyberfraud. Targeted actions against Prince Group, led by Chen Zhi, include seizing 127,271 BTC. Authorities seek to dismantle associated investment scams.

Businesses linked to Prince Group may experience significant scrutiny, affecting their operations and reputations. The crypto market is watching closely for potential impacts due to BTC’s large volume.

“Under Chen Zhi’s leadership, the criminal revenues generated by the Prince Group TCO have been instrumental in supporting its ostensibly legitimate business ventures, most of which operate through entities under the control of Prince Group TCO…” – U.S. Treasury Official, U.S. Department of the Treasury, June 2025

The Prince Group has denied all allegations, labeling them defamatory. Officials continue to monitor the case, emphasizing crypto regulations and enforcement cooperation among countries.

Bitcoin Market Rattled by Largest U.S. BTC Seizure

Did you know? In prior years, the largest U.S. BTC seizure involved 69,370 BTC from Silk Road activities, significantly smaller than the current case’s 127,271 BTC target.

Bitcoin currently trades at $111,898.43 with a market cap of $2.23 trillion. According to CoinMarketCap, its 24-hour trading volume is $80.38 billion, showing a 19.03% decrease. Over the past 90 days, Bitcoin’s price has shifted by -5.51%.

bitcoin-daily-chart-3719 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:25 UTC on October 14, 2025. *Source: CoinMarketCap*

The Coincu research team suggests the event could push nations to reassess regulations on crypto transactions. Increased scrutiny may lead to stricter controls, although exact outcomes remain uncertain.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.