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Attorney Chen Zhi, the ringleader of a "pig butchering scam," filed a motion in a U.S. court to dismiss the government's seizure of his Bitcoin. - CoinFeed
Time 04:13

Attorney Chen Zhi, the ringleader of a "pig butchering scam," filed a motion in a U.S. court to dismiss the government's seizure of his Bitcoin.

March 11, 2026
CoinFeed News

CoinFeed reported on March 11 that, according to Bloomberg, lawyers for Chen Zhi, accused of being the head of a large-scale "pig butchering" scam ring, filed a motion in New York federal court this week to dismiss the U.S. government's seizure of a batch of Bitcoins related to him. The lawyers argued that the prosecution's allegations that Chen Zhi oversaw the scam park lacked specific evidence and were merely general descriptions of the situation in Cambodia. They also questioned the timeline of the cryptocurrency seizure, stating that the Bitcoins could not possibly be proceeds of fraud or money laundering. The U.S. Department of Justice announced last October the seizure of 127,271 Bitcoins controlled by Chen Zhi, then worth approximately $15 billion. Chen Zhi was stripped of his Cambodian citizenship and extradited to China in January of this year. Following U.S. and UK sanctions, Singapore, Hong Kong, Taiwan, South Korea, and other regions have frozen or seized over $1 billion in assets.

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