US Seizes $15B in Bitcoin from Cambodian Prince Group Founder Chen Zhi

According to China’s National Computer Virus Emergency Response Center, U.S. seizures exceeded $30 billion since 2022, including the $15 billion Chen Zhi case, alongside $43.5 billion in Binance penalties and actions against Garantex.

BTC

Summary

According to China’s National Computer Virus Emergency Response Center, U.S. authorities seized over $30 billion in global crypto assets between 2022 and 2025. The report highlights the October 2025 New York confiscation of 126,700 BTC (about $15 billion) from Chen Zhi, founder of Cambodian Prince Group, described as the largest U.S. virtual asset seizure. It also cites $43.5 billion in penalties levied on Binance and notes enforcement actions against exchanges such as Garantex for sanctions evasion.

Terms & Concepts
  • Bitcoin (BTC): A decentralized digital currency that operates on a blockchain, enabling peer-to-peer transactions without central intermediaries.
  • Binance: One of the world’s largest cryptocurrency exchanges, offering trading, custody, and related crypto services.
  • National Computer Virus Emergency Response Center: A Chinese government agency focused on cybersecurity monitoring, incident response, and threat analysis.