UK Seizes Assets, Sanctions in Crypto Scam Fight

UK authorities seize assets linked to Chinese businessman Chen Zhi, accused of running scam operations targeting people worldwide with fake romances and bogus cryptocurrency deals. The seized properties include a nine-million-pound penthouse and a helicopter. The scams involve building trust online and draining victims savings, often involving forced labor and torture. New UK sanctions target key players and firms involved in these scams, and a new online crime unit is established to dismantle these networks.

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