Additional crypto & blockchain news
US charges Cambodian executive in massive crypto scam and seizes more than $14 billion in bitcoin
Singapore Court okays WazirX parent’s plan for return of frozen assets
Title: US charges Cambodian executive in massive crypto scam and seizes more than $14 billion in bitcoin
Date: Tue Oct 14 2025 UTC AP News
Summary: The U.S. government has indicted Chen Zhi, chairman of Cambodia’s Prince Holding Group, for orchestrating a global cryptocurrency scam involving forced‑labour schemes, fake crypto investment platforms and money‑laundering. Authorities have seized more than $14 billion in bitcoin, marking one of the largest such forfeitures in history. The case highlights the intersection of crypto, cyber‑fraud and human‑rights abuse.
Why it matters:
- It underscores how blockchain & crypto infrastructure can be exploited for large‑scale illicit activity.
- It emphasizes the regulatory & enforcement risks in the space: despite the narrative of “digital finance”, the industry remains a target for crime and fraud.
- For investors, users and regulators alike, it reinforces the need for stronger compliance, transparency and risk‑management frameworks when dealing with crypto assets.
If you like, I can pull 5 more with full links, publication dates and topic classification (market, technology, regulation, fraud) for you now.