2025-12-30 05:28:03

A seizure list from the U.S. Department of Justice has shaken the entire crypto market—127,271 Bitcoins, worth approximately $15 billion. The confiscation of this digital asset marks a new level in the global crackdown on cryptocurrency crime.

The true identity of the owners of these Bitcoins is deeply disturbing. They do not belong to Wall Street elites or well-known miners, but to a long-standing transnational criminal organization based in Southeast Asia called the "Prince Group." The scope of this group's operations appears diverse—real estate, finance, trade—but its core business has always revolved around a familiar word: "fraud." However, this time, they have scaled and brutalized this black business to an unprecedented level.

37-year-old Chen Zhi is a key figure in this criminal empire. Publicly, he is the chairman of the Prince Group, a businessman holding dual citizenship in the UK and Cambodia, frequently seen at high-end events. The company's facade is grand, and its business descriptions are lofty. But investigations by U.S. law enforcement have torn away this veneer, revealing its true nature—this is not a business empire but a massive human trafficking and scam network.

The seized Bitcoin reserves are the direct result of this criminal machine’s long-term operation. Victims’ hard-earned money has flowed into the crypto ecosystem through various scams, ultimately settling into these cold digital assets. From traditional financial scams to cryptocurrency money laundering, the criminal group has undergone an "upgrade and iteration," also posing a new challenge for global regulators’ risk management.

This case also serves as a reminder to market participants: the anonymity and liquidity of cryptocurrencies, once exploited by dark forces, can be far more destructive than traditional financial tools. The large-scale seizure by the U.S. Department of Justice is not only a crackdown on a single criminal group but also a profound warning about the compliance and transparency of the crypto ecosystem.

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TokenToaster

· 8h ago

Whoa, 1.27 million coins, how long would it take to wash that? --- Prince Group? Never heard of it, but just the name sounds pretty outrageous. --- So the crypto world is really easy to be used as a money laundering tool... No wonder regulations are getting stricter. --- $15 billion USD, what kind of scam is this? Thinking about it is truly terrifying. --- Anonymity is a double-edged sword; that's why I don't really touch privacy coins. --- Chen Zhi is really daring; he hasn't even sorted out his dual citizenship. --- If this case gets clarified, how many victims would there be... --- Is the crypto ecosystem now the favorite tool of black market activities? This is getting troublesome. --- The US Department of Justice confiscated so many coins; what will happen to these coins afterward? --- It sounds like an international major case, an upgraded version of Southeast Asian scam and money laundering groups. --- Now the entire market is going to take the blame; they say the crypto world is unsafe.

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FlatTax

· 8h ago

15 billion USD, Prince Group's move is truly impressive... I’m amazed that they could carry out such a scam on this scale. --- Again in Southeast Asia, again money laundering—this basket of the crypto world is filled with everything. --- Speaking of which, we really should reflect—anonymity is indeed a double-edged sword. --- 127,271 Bitcoins confiscated? It feels like there’s more big news to come. --- That’s why regulation is bound to come knocking sooner or later. Compliance is truly imperative. --- Did Chen Zhi ever think about this day when he attends high-end events? It’s hilarious. --- The victims’ hard-earned money has turned into cold, digital assets—just looking at it is upsetting. --- Warnings are warnings, but this case also shows that on-chain asset tracking isn’t as difficult as it seems. --- So in the current crypto environment, KYC can’t be avoided, right? --- Over 120,000 Bitcoins confiscated... The US is serious this time.

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GasFeeNightmare

· 8h ago

Wow, $15 billion just disappeared like that. The Crown Prince Group is really formidable. Bitcoin's anonymity is a double-edged sword; it indeed can't prevent bad actors. Fraud groups have upgraded their money laundering to the crypto space; regulators need to keep up with the pace. 1.27 million Bitcoins—just doing the math gives me a headache. How many victims are there? That Southeast Asian scheme has finally been caught, but it's unknown how many dark corners are still at large.

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FalseProfitProphet

· 8h ago

1.27 million Bitcoins seized and confiscated, the scale is indeed outrageous. But honestly, this kind of thing has long been nothing new in the crypto world. Fraud groups laundering money are just using the same old tricks, just replacing the currency. What about the transparency of the blockchain? It can't stop those with bad intentions at all. So this is our ecosystem—being slapped in the face every now and then. $15 billion frozen, how much can victims get back? Less than ten percent, probably. That's the most ironic part of this. Hey, what do you think will happen to these coins? If the government auctions them off, it will definitely shake the market. The shell of a dual-nationality businessman is so useful, no wonder all kinds of black industries love to go overseas. Regulators really need to wake up.

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InscriptionGriller

· 8h ago

1.27 million Bitcoins have entered the US Department of Justice cold wallet, reaching a new height in cutting leeks. The Prince Group's move this time is truly taking the scam craft to the ultimate boss level. --- In simple terms, the crypto world is just an upgraded version of a leek harvesting machine. Add two cheats—anonymity and liquidity—and black industry can take off directly. This is the real capital scheme, everyone. --- 150 billion USD—goodness, how many leeks need to be cut to pile up that amount... Turns out, the coins we buy might be converted from the blood and sweat money of human traffickers. That smell is a bit strong. --- Old Ma knows the way. High-end businessman persona + foreign nationality + dual identity—this combo has been played out. On-chain evidence is right there, yet scams still fly high, which says what? --- Right here, the US Department of Justice has conveniently pulled down the crypto industry's underwear. Compliance and transparency? Haha, the death spiral has already begun, only the market hasn't realized it yet. --- Technical involution is bullshit. They are doing life business, and we are still arguing about consensus mechanisms.

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MEVHunterLucky

· 9h ago

Over 127,000 Bitcoins, now they have to be frozen again... These people really take scams to a whole new level. --- The Prince Group incident feels like just the tip of the iceberg. How much black money is hidden on the chain? --- Compliance and transparency? Ha, regulators wish, but this also shows we really need to be more cautious when choosing exchanges. --- $15 billion. If this money truly flows back into the market, the market will go crazy. --- This is why I don't really trust those high-profile crypto projects. Who knows what their true origins are? --- Chen Zhi, this guy with dual nationality, can still be so arrogant. Truly impressive. --- From scams to money laundering to frozen coins, a complete criminal chain. We really need to clean up our industry. --- But on the other hand, it's a good thing that so many coins have been seized. The real issue is how to handle these 127,000 coins. --- On-chain data is all transparent. Why can they still run for so long... The detection mechanisms are really not enough. --- Regulators are really getting serious this time, unlike the previous half-hearted efforts.

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