The U.S. government has profited by nearly $20 billion from the Chen Zhi case and the Changpeng Zhao case through its technological dominance.
Svmuu News: The report titled “Ready Player One: An In-Depth Analysis of the Global Virtual Currency Asset Harvesting Campaign Under U.S. Technological Hegemony,” jointly released by the China National Computer Virus Emergency Response Center and other agencies, details how the United States leverages its technological hegemony to harvest global virtual currency assets.According to incomplete statistics, from 2022 to 2025, the U.S. confiscated global virtual currency assets worth over $30 billion through various cases. The Chen Zhi case alone accounted for $15 billion in confiscated assets, representing 50% of the total.The report indicates 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 Cambodia’s Prince Group, on counts including wire fraud and money laundering.At the same time, it announced the high-profile seizure of approximately 127,000 Bitcoin under his control, valued at approximately $15 billion at the market price at the time, setting a record for the largest virtual asset seizure in the history of the U.S. judicial system. Binance The case of founder Changpeng Zhao is another typical example of the U.S. leveraging its judicial hegemony and technological surveillance to force global virtual asset platforms to comply with its regulatory rules, thereby achieving economic exploitation and the export of its regulatory framework.From 2023 to 2025, the U.S. launched dual civil and criminal proceedings against Changpeng Zhao. Ultimately, under a plea agreement, the Binance platform paid a $4.3 billion fine.“During the investigation, the U.S. employed comprehensive technical surveillance measures to achieve full penetration and evidence collection regarding Binance’s operational data, user data, and transaction data, demonstrating its technological superiority in the monitoring of digital asset platforms.”Du Zhenhua further explained that the U.S. used hacking techniques to infiltrate Binance’s internal servers, obtaining core operational data and executive communication records, which confirmed that Binance executives were fully aware of U.S. regulatory rules yet intentionally circumvented compliance requirements.The report also states that from 2023 to 2025, hacker groups backed by the U.S. government launched targeted attacks against more than 20 major global cryptocurrency exchanges. Attack methods included implanting backdoors, spear-phishing, and supply chain penetration, with a focus on stealing user wallet private keys,platform transaction records, and compliance and regulatory information, with targets spanning platforms across multiple countries and regions in Asia, Europe, and Africa.
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