US Operation Targets Crypto Scam Compounds in Multibillion-Dollar Fraud Raid

US law enforcement conducted a major operation against international fraud networks, resulting in hundreds of arrests and the seizure of over $8 billion in Bitcoin. The crackdown targeted industrial fraud complexes across Asia, Africa, and the Middle East, including operations run by Chen Zhi’s Prince Holding Group in Cambodia, which allegedly operated investment and romance scams while engaging in forced labor and human trafficking. FBI Director Kash Patel stated the effort freed nearly 2,000 trafficked workers and disrupted criminal networks operating across multiple continents.