Long overdue. At some point, these scam operations are so large that they have to be operating with tacit approval of their host countries, who have been given no incentive to stop the virtual cold war against the personal finances of foreign citizenry that is bringing in millions of dollars into their economy.
> the virtual cold war against the personal finances of foreign citizenry Comparing a scam to war is inaccurate. The Cold War was a war running cold with the potential to go hot. Cambodia and America are not going to war over this.
DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
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Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#22Earlier quoted context omitted.
I'm not sure if one can merely walk away from a criminal enterprise of that size. As soon as you stop paying certain people you end up in a cage, and unless the stream of money is constant there is no reason to just not reneg on all prior agreements and go in a cage for stuff you already paid authorities off for.
So the whole crypto anonymity thing isn’t actually real? As it turns out, tracing people is still easier than tracing money? Decentralized economies are run by criminal enterprises?! We aren’t safe!?! Wonder how this whole concept overlays onto LLMs, with a lot more money on the line and a lot less regulation.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#23Earlier quoted context omitted.
> the virtual cold war against the personal finances of foreign citizenry Comparing a scam to war is inaccurate. The Cold War was a war running cold with the potential to go hot. Cambodia and America are not going to war over this.
that's a pretty naive view of war. we are at war with many countries all the time, most of it is cold.
Like whom? We (and let's be honest, every other great power) are at war with many countries all of the time, and while they may be cold for long stretches, they absolutely (a) go hot from time to time and (b) are constantly threatening to go hot.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#24Earlier quoted context omitted.
I'm not sure if one can merely walk away from a criminal enterprise of that size. As soon as you stop paying certain people you end up in a cage, and unless the stream of money is constant there is no reason to just not reneg on all prior agreements and go in a cage for stuff you already paid authorities off for.
So the whole crypto anonymity thing isn’t actually real? As it turns out, tracing people is still easier than tracing money? Decentralized economies are run by criminal enterprises?! We aren’t safe!?! Wonder how this whole concept overlays onto LLMs, with a lot more money on the line and a lot less regulation.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#25Long overdue. At some point, these scam operations are so large that they have to be operating with tacit approval of their host countries, who have been given no incentive to stop the virtual cold war against the personal finances of foreign citizenry that is bringing in millions of dollars into their economy.
> the virtual cold war against the personal finances of foreign citizenry Comparing a scam to war is inaccurate. The Cold War was a war running cold with the potential to go hot. Cambodia and America are not going to war over this.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#26From this article they got $15B ( https://www.cnbc.com/2025/10/14/bitcoin-doj-chen-zhi-pig-but... ). At what point do you say, "That's enough money?" Did they think the scam was going to go on forever?
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#27From this article they got $15B ( https://www.cnbc.com/2025/10/14/bitcoin-doj-chen-zhi-pig-but... ). At what point do you say, "That's enough money?" Did they think the scam was going to go on forever?
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#28Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#29So did the U.S. hack this guy? Anyone who manages to build such a massive multi-national corporation with myriad illicit businesses but also dozens of legitimate businesses with thousands of employees - including a large bank with over 100,000 customers - and then operate it all for over a decade, doesn't strike me as someone who's trivially careless. I mean he managed to successfully protect that much money for a long time from his own criminal co-conspirators (who would certainly include hackers with insider knowledge of his operations), criminal competitors and all the people he was bribing like senior Cambodian politicians, law enforcement and intelligence agencies.
This just strikes me as either a very lucky break or a perhaps a sign that the FBI is adopting a new playbook to go after shielded international operations like this. Like maybe involving U.S. and 'Five Eyes' intelligence assets.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#30Would these money be returned to the victims?