List of Flash News about Chen Zhi
Time | Details |
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2025-10-14 16:08 |
Alleged DOJ Seizure of 127,271 BTC (~$15B) Triggers Market Caution: BTC Trading Playbook Around Government Wallet Flows
According to the source, a social-media claim alleges the U.S. Department of Justice seized approximately 127,271 BTC (about $15B) tied to a global pig-butchering scheme involving Cambodia’s Prince Group chairman Chen Zhi; traders should treat this as unverified until confirmed by official documents (source: social-media post; allegation only). For trading decisions, seek verifiable confirmation via a DOJ press release, a filed indictment/forfeiture complaint, or a U.S. Marshals Service disposal notice before repricing BTC supply risk (source: U.S. Department of Justice; U.S. Marshals Service). If confirmed, the size would rank alongside prior U.S. government BTC actions, including 69,370 BTC from Silk Road (2020), 50,676 BTC from James Zhong (2022), and roughly 94,000 BTC recovered in the Bitfinex case (2022) (source: U.S. Department of Justice press releases and court filings). Historically, the U.S. has auctioned or otherwise disposed of seized BTC rather than holding it as a strategic reserve, with USMS-run auctions establishing precedent since 2014 and additional disposals in 2023–2024 (source: U.S. Marshals Service notices; DOJ court filings). Trading plan: monitor known government-labeled wallets, justice.gov announcements, and USMS auction calendars; volatility risk typically spikes around transfers from government wallets to exchanges/custodians and auction or sale announcements (source: public blockchain records; U.S. Marshals Service notices). |
2025-10-14 15:56 |
U.S. Government Plans Forfeiture of 127,271 BTC From Chen Zhi; Total U.S. Holdings Seen at 324K BTC ($36.2B) Linked to Lubian Hack Addresses, per Arkham
According to @EmberCN, U.S. case filings outline a planned forfeiture of 127,271 BTC across 25 addresses tied to Chen Zhi, valued at approximately $14.1B at the referenced price (source: @EmberCN). Arkham labels those 25 addresses as associated with the Lubian mining pool and marks them as coins stolen in 2020 (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker). @EmberCN states the BTC were consolidated in July 2024 and that Lubian broadcast an on-chain message requesting the return of funds (source: @EmberCN). @EmberCN adds that the case documents indicate the BTC are now in U.S. government custody, implying the July consolidation was conducted by authorities, not the attacker (source: @EmberCN). Based on this addition, @EmberCN estimates U.S. government BTC holdings at about 324,000 BTC worth roughly $36.2B at the referenced price point (source: @EmberCN). @EmberCN characterizes the U.S. government as the largest single BTC-holding entity under this tally, presented as their assessment (source: @EmberCN). For trading, the 25 flagged addresses and any known government-labeled wallets can be monitored for outflows to gauge potential near-term supply risk and volatility triggers (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker; @EmberCN). |