PANews reported on October 16th that Caixin.com disclosed details of the US Department of Justice's crackdown on Cambodian online fraud and the seizure of $15 billion worth of Bitcoin. The report revealed that US Department of Justice Attorney Joseph Nocella Jr. stated that Prince Group's investment fraud schemes resulted in tens of billions of dollars in losses worldwide, with one local network located in Brooklyn, New York. At least 250 victims in the United States were implicated in Prince Group's digital currency fraud and money laundering schemes. Some of the proceeds from Prince Group's global fraud schemes remained in the form of cryptocurrency in wallets on cryptocurrency exchanges, while others were converted into traditional currencies. Between May 2021 and August 2022, the amount involved in the US scams exceeded $1.8 million. The main culprit, Chen Zhi, is reportedly 37 years old and remains at large. If convicted, he faces a maximum sentence of 40 years in prison in the United States.PANews reported on October 16th that Caixin.com disclosed details of the US Department of Justice's crackdown on Cambodian online fraud and the seizure of $15 billion worth of Bitcoin. The report revealed that US Department of Justice Attorney Joseph Nocella Jr. stated that Prince Group's investment fraud schemes resulted in tens of billions of dollars in losses worldwide, with one local network located in Brooklyn, New York. At least 250 victims in the United States were implicated in Prince Group's digital currency fraud and money laundering schemes. Some of the proceeds from Prince Group's global fraud schemes remained in the form of cryptocurrency in wallets on cryptocurrency exchanges, while others were converted into traditional currencies. Between May 2021 and August 2022, the amount involved in the US scams exceeded $1.8 million. The main culprit, Chen Zhi, is reportedly 37 years old and remains at large. If convicted, he faces a maximum sentence of 40 years in prison in the United States.