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The US government has profited nearly $20 billion from the cases of CZ and Chen Zhi by leveraging its technological hegemony.

On February 26, the National Computer Virus Emergency Response Center of China and other departments jointly released a report titled "Ready Player One: An In-Depth Analysis of the Global Virtual Currency Asset Harvesting Operation Under US Technological Hegemony," which revealed the process by which the United States used its technological hegemony to harvest global virtual currency assets. According to incomplete statistics, from 2022 to 2025, the United States seized over $30 billion worth of global virtual currency assets through various cases, with the Chen Zhi case alone accounting for $15 billion, or 50%. The report shows that in October 2025, the U.S. Attorney's Office for the Eastern District of New York announced criminal charges against Chen Zhi, founder of the Prince Group in Cambodia, on charges including wire fraud and money laundering. At the same time, it announced the confiscation of approximately 127,000 Bitcoins under his control, which were worth about $15 billion at the time, setting a record for the largest virtual asset confiscation in the history of the U.S. Department of Justice. The case of Binance founder CZ is another typical example of the United States using its judicial hegemony and technological surveillance to force global virtual asset platforms to comply with its regulatory rules, thereby reaping economic benefits and exporting its rules. From 2023 to 2025, the United States pursued both civil and criminal charges against CZ, and ultimately, according to a plea agreement, Binance paid a fine of $4.3 billion. "During the investigation, the United States employed comprehensive technical monitoring methods, achieving full penetration and evidence collection of Binance's operational, user, and transaction data, demonstrating its technological advantages in the field of digital asset platform monitoring," Du Zhenhua further explained. He added that the United States used hacking techniques to penetrate Binance's internal servers, obtaining core operational data and executive communication records, proving that Binance executives were aware of US regulatory rules but deliberately circumvented compliance requirements.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

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07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

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