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⚖️ According to Bloomberg, Cambodian businessman Chen Zhi was extradited to China in January for allegedly operating a global "pig butchering" scam network. His lawyers recently filed a motion in a New York federal court to contest the U.S. government’s seizure of approximately 127,271 BTC, labeling the allegations "plainly wrong" and questioning the link to fraud or money laundering. The U.S. DOJ previously froze Chen's assets under charges of managing transnational fraud and gambling rings. #regulation
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