The U.S. Government Seeks to Seize Over 127,000 BTC Tied to Transnational "Rug Pull" Scam

BlockBeats News, October 14, the Eastern District of New York (EDNY) revealed that the United States is seeking to seize 127,271 bitcoins (approximately $12 billion) related to a cross-border “Pump and Dump” scam operated by Chinese national CHEN ZHI.