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The National Computer Virus Response Center of China #CVERC published a technical report regarding a case in which the U.S. Department of Justice seized over 127,000 $BTC from Cambodian businessman Chen Zhi — head of #PrinceGroup .
The document states that these funds were stolen in 2020 from mining pool #LuBian , and the seizure operation bears all the hallmarks of hacker group activity. All transactions had the same fee, indicating the use of an automated script. For the last 4 years, the assets remained almost motionless at the addresses of the perpetrators.
In June 2024, the funds were activated and transferred to other wallets. The report, citing data from Arkham, states that the new addresses are controlled by the U.S. government. By October 14, 2025, the U.S. DOJ officially charged Chen Zhi and announced the confiscation of bitcoins that were likely obtained through hacking in 2020.
The report notes that the U.S. government may have employed "state hacking methods" to access the assets. It also follows from the report that only a portion of the coins had a criminal origin. This contradicts the U.S. DOJ's claim about the complete illegality of the assets' origin.
#USAvsChina #manipulation
The document states that these funds were stolen in 2020 from mining pool #LuBian , and the seizure operation bears all the hallmarks of hacker group activity. All transactions had the same fee, indicating the use of an automated script. For the last 4 years, the assets remained almost motionless at the addresses of the perpetrators.
In June 2024, the funds were activated and transferred to other wallets. The report, citing data from Arkham, states that the new addresses are controlled by the U.S. government. By October 14, 2025, the U.S. DOJ officially charged Chen Zhi and announced the confiscation of bitcoins that were likely obtained through hacking in 2020.
The report notes that the U.S. government may have employed "state hacking methods" to access the assets. It also follows from the report that only a portion of the coins had a criminal origin. This contradicts the U.S. DOJ's claim about the complete illegality of the assets' origin.
#USAvsChina #manipulation
💰 The Vanished Billionaire of Cambodia
He was once hailed as a visionary — the architect of Cambodia’s new age of glass towers and glittering ambition. But the illusion has shattered.
The U.S. has charged Chen Zhi, 37-year-old founder of Prince Group, with orchestrating one of Asia’s largest crypto fraud networks — a staggering $14B empire built on deceit.
🏦 From banks and airlines to luxury resorts and skyscrapers, Chen’s reach seemed limitless. To the public, he was the face of Cambodia’s rapid rise.
Behind the façade? A dark web of crypto laundering, shell companies, and human exploitation.
Born in Fujian, China — Chen moved to Cambodia, became a citizen, and rose fast:
👑 By 30 — a billionaire.
🎖️ By 35 — a royal title.
🚨 Now — a fugitive.
Global investigations reveal billions funnelled through offshore accounts and crypto mixers before the U.S. and U.K. froze 128 of his firms.
Today, Chen Zhi has vanished — his gleaming towers stand empty, his empire collapsing under international scrutiny.
⚠️ In the high-stakes world of crypto wealth, not everything that shines is real.
Sometimes, fortunes aren’t built — they’re fabricated.
💰 Stay alert. Trade smart. Only on #Binance .
#Write2Earn #CryptoNews #ChenZhi #PrinceGroup #CryptoFraud
He was once hailed as a visionary — the architect of Cambodia’s new age of glass towers and glittering ambition. But the illusion has shattered.
The U.S. has charged Chen Zhi, 37-year-old founder of Prince Group, with orchestrating one of Asia’s largest crypto fraud networks — a staggering $14B empire built on deceit.
🏦 From banks and airlines to luxury resorts and skyscrapers, Chen’s reach seemed limitless. To the public, he was the face of Cambodia’s rapid rise.
Behind the façade? A dark web of crypto laundering, shell companies, and human exploitation.
Born in Fujian, China — Chen moved to Cambodia, became a citizen, and rose fast:
👑 By 30 — a billionaire.
🎖️ By 35 — a royal title.
🚨 Now — a fugitive.
Global investigations reveal billions funnelled through offshore accounts and crypto mixers before the U.S. and U.K. froze 128 of his firms.
Today, Chen Zhi has vanished — his gleaming towers stand empty, his empire collapsing under international scrutiny.
⚠️ In the high-stakes world of crypto wealth, not everything that shines is real.
Sometimes, fortunes aren’t built — they’re fabricated.
💰 Stay alert. Trade smart. Only on #Binance .
#Write2Earn #CryptoNews #ChenZhi #PrinceGroup #CryptoFraud
🚨💰 THE DARK SIDE OF JUSTICE?! The $15 BILLION Bitcoin Mystery! 💰🚨
🔥 The Prince Group — accused of money laundering, telecom fraud, and human trafficking — just got hit with US & UK sanctions. Justice? Or something deeper? 👀
💣 Their leader Chen Zhi has vanished, yet the fraud empire keeps running smoothly.
⚖️ The US seized $15B in Bitcoin, and the UK froze luxury properties in London… but who’s really winning here?
💥 Are these sanctions true justice, or just a performance for profit?
💸 While the world cheers “justice,” others are quietly filling their pockets.
🌍 Don’t get fooled by the surface — follow the money, not the headlines! 🕵️♂️
#CryptoNews #Bitcoin #PrinceGroup #BlockchainTruth #CryptoScandal
$PYR $XLM $MMT
🔥 The Prince Group — accused of money laundering, telecom fraud, and human trafficking — just got hit with US & UK sanctions. Justice? Or something deeper? 👀
💣 Their leader Chen Zhi has vanished, yet the fraud empire keeps running smoothly.
⚖️ The US seized $15B in Bitcoin, and the UK froze luxury properties in London… but who’s really winning here?
💥 Are these sanctions true justice, or just a performance for profit?
💸 While the world cheers “justice,” others are quietly filling their pockets.
🌍 Don’t get fooled by the surface — follow the money, not the headlines! 🕵️♂️
#CryptoNews #Bitcoin #PrinceGroup #BlockchainTruth #CryptoScandal
$PYR $XLM $MMT
🧊 Trump Team Seizes $15B in Bitcoin — Fueling Washington’s Strategic Reserve Ambition
The United States has just dropped a bombshell on the global crypto stage.
A forced-labor and cyber-fraud network based in Cambodia has been exposed — and with it, nearly $15 billion worth of Bitcoin has landed in federal custody.
This isn’t just a crime story.
This could be the biggest strategic power move in U.S. Bitcoin history.
🕸 A Cambodian Cyber Empire Unraveled
Prosecutors have unsealed sweeping charges against Chen Zhi — chairman of Prince Group — accusing him of running global “pig-butchering” scam compounds, trafficking workers, and laundering billions through crypto.
• Workers were allegedly trapped in prison-like compounds and forced to run romance and investment scams.
• Funds were routed through shell firms, gambling sites, and crypto wallets.
• Victims were defrauded worldwide in what authorities called “one of the largest financial fraud operations ever dismantled.”
The takedown involved coordinated action between U.S. and U.K. authorities, parallel sanctions, and a record-shattering forfeiture complaint — 127,271 BTC.
⚖️ The Biggest Bitcoin Forfeiture in U.S. History
Attorney General Pamela Bondi called it a “historic strike” against cyber-enabled financial crime.
• The seized stash is valued at around $15 billion.
• The BTC was stored in unhosted wallets under Chen’s control.
• It’s now frozen under federal custody pending legal resolution.
• The U.S. Department of the Treasury also sanctioned 146 individuals and entities linked to the network.
Meanwhile, the U.K. froze high-value properties, including a £12 million London mansion tied to the Prince Group network.
🏛 Will It Flow Into the U.S. Strategic Bitcoin Reserve?
Here’s where the story gets geopolitical. This Bitcoin may not be auctioned like previous seizures.
Earlier this year, Donald Trump signed an Executive Order creating the Strategic Bitcoin Reserve (SBR) — a state-level mechanism to hold seized Bitcoin instead of selling it.
Treasury Secretary Scott Bessent emphasized:
“We’re not buying Bitcoin with taxpayer money.
We’re holding what we seize — and protecting national strategic assets.”
Before this bust, the government already held an estimated $15–20 billion in Bitcoin from previous cases.
If courts finalize the forfeiture, this fresh $15 billion could flow straight into the SBR, solidifying America’s position as one of the world’s largest sovereign holders of BTC.
💬 Senate Voices & Policy Signals
Senator Cynthia Lummis — one of Bitcoin’s biggest champions in Washington — praised the Justice Department’s move and pushed for clear legislative frameworks to lock seized crypto into the reserve.
She urged that victims should be compensated first, but emphasized the national value of preserving Bitcoin as a reserve asset.
This signals something bigger than just one case.
It signals a policy shift:
From seizing crypto and selling it at auction → to seizing crypto and storing it as state power.
📊 Market Reaction
Bitcoin hovered around $112,521 after the announcement. No panic sell-off. No wild rally.
Just silence — the kind that happens when markets know power is shifting behind the curtains.
Because this isn’t just a confiscation…
This is a strategic accumulation in plain sight.
🧠 Strategic Reserve or Silent Takeover?
This is where the story gets sharp.
The U.S. didn’t buy that $14 billion in its Strategic Bitcoin Reserve.
It took it. Legally. Strategically. Silently.
Confiscated from criminals.
Rebranded as “national reserve.”
Stored like gold.
This is how states build digital power without spending a cent.
⚔️ The Slap Back — Truth in Plain Sight
So let’s be real.
The $14 billion U.S. “Strategic Bitcoin Reserve” wasn’t born from bold investment…
It was built from seizures.
From assets taken. Re-stamped. And claimed as national strength.
A masterclass in statecraft — or a silent digital heist dressed in policy. 🫢💰
First they seize it.
Then they call it strategy.
#Bitcoin #BlackTowhite #PrinceGroup #USReserve #PigButchering
$BTC $ETH $BNB
A forced-labor and cyber-fraud network based in Cambodia has been exposed — and with it, nearly $15 billion worth of Bitcoin has landed in federal custody.
This isn’t just a crime story.
This could be the biggest strategic power move in U.S. Bitcoin history.
🕸 A Cambodian Cyber Empire Unraveled
Prosecutors have unsealed sweeping charges against Chen Zhi — chairman of Prince Group — accusing him of running global “pig-butchering” scam compounds, trafficking workers, and laundering billions through crypto.
• Workers were allegedly trapped in prison-like compounds and forced to run romance and investment scams.
• Funds were routed through shell firms, gambling sites, and crypto wallets.
• Victims were defrauded worldwide in what authorities called “one of the largest financial fraud operations ever dismantled.”
The takedown involved coordinated action between U.S. and U.K. authorities, parallel sanctions, and a record-shattering forfeiture complaint — 127,271 BTC.
⚖️ The Biggest Bitcoin Forfeiture in U.S. History
Attorney General Pamela Bondi called it a “historic strike” against cyber-enabled financial crime.
• The seized stash is valued at around $15 billion.
• The BTC was stored in unhosted wallets under Chen’s control.
• It’s now frozen under federal custody pending legal resolution.
• The U.S. Department of the Treasury also sanctioned 146 individuals and entities linked to the network.
Meanwhile, the U.K. froze high-value properties, including a £12 million London mansion tied to the Prince Group network.
🏛 Will It Flow Into the U.S. Strategic Bitcoin Reserve?
Here’s where the story gets geopolitical. This Bitcoin may not be auctioned like previous seizures.
Earlier this year, Donald Trump signed an Executive Order creating the Strategic Bitcoin Reserve (SBR) — a state-level mechanism to hold seized Bitcoin instead of selling it.
Treasury Secretary Scott Bessent emphasized:
“We’re not buying Bitcoin with taxpayer money.
We’re holding what we seize — and protecting national strategic assets.”
Before this bust, the government already held an estimated $15–20 billion in Bitcoin from previous cases.
If courts finalize the forfeiture, this fresh $15 billion could flow straight into the SBR, solidifying America’s position as one of the world’s largest sovereign holders of BTC.
💬 Senate Voices & Policy Signals
Senator Cynthia Lummis — one of Bitcoin’s biggest champions in Washington — praised the Justice Department’s move and pushed for clear legislative frameworks to lock seized crypto into the reserve.
She urged that victims should be compensated first, but emphasized the national value of preserving Bitcoin as a reserve asset.
This signals something bigger than just one case.
It signals a policy shift:
From seizing crypto and selling it at auction → to seizing crypto and storing it as state power.
📊 Market Reaction
Bitcoin hovered around $112,521 after the announcement. No panic sell-off. No wild rally.
Just silence — the kind that happens when markets know power is shifting behind the curtains.
Because this isn’t just a confiscation…
This is a strategic accumulation in plain sight.
🧠 Strategic Reserve or Silent Takeover?
This is where the story gets sharp.
The U.S. didn’t buy that $14 billion in its Strategic Bitcoin Reserve.
It took it. Legally. Strategically. Silently.
Confiscated from criminals.
Rebranded as “national reserve.”
Stored like gold.
This is how states build digital power without spending a cent.
⚔️ The Slap Back — Truth in Plain Sight
So let’s be real.
The $14 billion U.S. “Strategic Bitcoin Reserve” wasn’t born from bold investment…
It was built from seizures.
From assets taken. Re-stamped. And claimed as national strength.
A masterclass in statecraft — or a silent digital heist dressed in policy. 🫢💰
First they seize it.
Then they call it strategy.
#Bitcoin #BlackTowhite #PrinceGroup #USReserve #PigButchering
$BTC $ETH $BNB
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