… scam compounds" and organized crime, including one group known as the "Democratic Karen Benevolent Army."FBI seizes record-setting $8 billion in cryptocurrency amid intercontinental 'scam compound' crackdown π₯https://t.co/EtJ7fgLnqn
— FBI Rapid Response (@FBI_Response) May 29, 2026
They have been blamed for a global wave of theft from Americans, including as much as $3 million from a single U.S. citizen who fell victim to an online scam.
The FBI confiscated more than 127,000 bitcoin during the arrest of one leader, Chen Zhi, the CEO of a Cambodian enterprise called the Prince Holding Group. That's worth more than $8 billion — possibly more than $15 billion a the time of seizure — and officials are calling it the largest forfeiture in the history of the U.S. government's history.
The Democratic Karen Benevolent Army is an armed militia named after a region in Myanmar with alleged ties to the Chinese mob and currently facing sanctions from the U.S. Treasury for prior large scale scamming operations. It has been designated a transnational criminal organization by the government.
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