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A sweeping U.S. investigation has exposed what prosecutors describe as one of the largest cryptocurrency fraud operations in history, allegedly masterminded by Chinese businessman Chen Zhi through his Cambodia-based conglomerate, Prince Group.
The crypto world is buzzing over a trade that seemed to know the future. Just hours before U.S. President Donald Trump’s 100% tariff announcement on Chinese imports, an anonymous trader placed a massive Bitcoin short—and made tens of millions when markets plunged.