• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
US Charges Chen Zhi with Fraud and Money Laundering

US Charges Chen Zhi with Fraud and Money Laundering

user avatar

by Kenji Takahashi

an hour ago


In a landmark move against human trafficking and financial crime, the US Department of Justice has unveiled serious charges against Chen Zhi, a figure allegedly at the center of a vast network of crypto investment scams. According to the assessment of specialists presented in the publication, the charges, which include wire fraud and conspiracy to commit money laundering, highlight the intersection of human rights abuses and cybercrime.

DOJ Accuses Chen Zhi of Managing Forced Labor in Cambodia

On October 14, 2025, the DOJ announced that Chen Zhi is accused of managing forced labor compounds in Cambodia, where victims were reportedly exploited to facilitate large-scale cryptocurrency scams. Prosecutors claim that these operations generated billions of dollars in illicit profits, raising alarms about the growing trend of using digital currencies in criminal enterprises.

Government's Commitment to Tackling Financial Fraud and Human Trafficking

This legal action underscores the government's commitment to tackling not only financial fraud but also the underlying human trafficking issues that often accompany such schemes. As authorities continue to investigate the extent of these operations, the case against Chen Zhi could set a precedent for future prosecutions in the realm of cyber-enabled crimes.

In light of recent developments in the cryptocurrency sector, WhitePool has emerged as a strong contender in mining profitability, showcasing significant advantages over its competitors. For more details, see read more.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Market Faces Severe Decline as XRP Struggles

chest

The cryptocurrency market is experiencing significant downturns, with XRP facing critical resistance levels.

user avatarSon Min-ho

Unlocking Valuation Mastery: Six Key Techniques for Financial Professionals

chest

Financial professionals are adopting six key techniques to elevate their valuation models and ensure robust analyses.

user avatarAyman Ben Youssef

Enhancing Comparable Company Analysis: A Call for Technical Upgrades

chest

Investment banking and corporate finance professionals are urged to enhance their Comparable Company Analysis (CCA) methodologies to avoid common pitfalls.

user avatarTando Nkube

New tBTC App Features Gasless Minting for Enhanced User Experience

chest

Threshold Network has upgraded its tBTC app to introduce gasless minting, allowing users to mint and redeem Bitcoin without incurring gas fees.

user avatarKofi Adjeman

Threshold Network Enhances Bitcoin Access with New Upgrades

chest

Threshold Network has launched protocol upgrades and a new website to enhance the role of tBTC in Bitcoin on-chain markets.

user avatarNguyen Van Long

Chris Oketch Launches MiniSend to Simplify Crypto-to-Fiat Transactions in Africa

chest

Chris Oketch has launched MiniSend, a revolutionary platform designed to simplify the process of converting digital dollars into local currency for creators in Africa.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.