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Chinese tycoon tied to $11B ‘pig butchering’ bitcoin scam taken into custody

admin January 7, 2026 0 Comments

A Chinese-born tycoon who is wanted in the US for allegedly stealing at least $11 billion worth of bitcoin as part of a “pig butchering” scam targeting Americans and others has been taken into custody in Asia, according to local authorities. Chen Zhi, chairman of Cambodia-based multinational conglomerate Prince Group, was arrested by law enforcement […]

UK BGC chief warns gambling tax hike could push $11B to black market

admin November 12, 2025 0 Comments

The CEO of the UK’s Betting and Gaming Council has outlined a warning that £8.4 billion ($11.1 billion) in bets could go to the black market if the proposed tax hike goes ahead. On the heels of its warning about the potential impact on jobs at the end of last month, the CEO of the […]