Key Notes
- Federal authorities traced cryptocurrency flows by means of main exchanges into chilly storage wallets managed by Zhi’s associates.
- The US authorities now holds 198,012 BTC valued at $22.25 billion, representing almost 0.943% of Bitcoin’s whole provide.
- A 2025 Government Order established framework for integrating future crypto seizures right into a nationwide Bitcoin Strategic Reserve.
America has filed a civil forfeiture criticism searching for the seizure of 127,271 Bitcoin
BTC
$112 750
24h volatility:
2.5%
Market cap:
$2.26 T
Vol. 24h:
$89.76 B
, price about $14 billion, linked to Chinese language businessman Chen Zhi.
According to the official filing, Chen is accused of orchestrating one of many largest-ever international pig-butchering and funding fraud operations.
Filed within the Japanese District of New York (EDNY), the criticism targets Zhi, the chairman of Cambodia’s Prince Group, and a community of associates allegedly working large-scale pig-butchering scams that blended crypto investments with human trafficking and compelled labor.
The operation reportedly used name facilities and shell corporations throughout Southeast Asia to defraud victims globally by means of faux romantic and funding schemes.
US authorities say Zhi’s community lured victims into transferring funds that had been later transformed to Bitcoin and different digital property. Many of those funds had been routed by means of main exchanges, together with Binance, earlier than being funneled into chilly storage wallets managed by Zhi’s associates.
“By dismantling a felony empire constructed on compelled labor and deception, we’re sending a transparent message that america will use each instrument at its disposal to defend victims, get well stolen property, and produce to justice those that exploit the weak for revenue. We’re grateful for the laborious work of Director Patel and the women and men of the FBI,” acknowledged US Lawyer Normal Pam Bondi.
In line with the report, the Division of Justice’s Nationwide Safety Division, in partnership with the EDNY and blockchain analytics corporations, performed a key position in tracing the funds.
Over the previous 12 months, US prosecutors have accelerated efforts to get well property from pig-butchering and related cyber frauds, which have elevated throughout Asia since 2022. Chainalysis flagged over $75 billion in illicit crypto holdings in a 2025 report, with darknet directors controlling over $46 billion of the overall loot.
US Authorities Strikes 668 Bitcoin to New Pockets
Amid the latest enforcement exercise in opposition to Chen Zhi, on-chain analytics agency Arkham noticed a major transaction involving Bitcoin wallets linked to the US authorities.
The US Authorities moved 668 BTC ($74.8 million) to the brand new pockets, on Oct 14. 2025 | Supply: ArkhamIntelligence
On Oct. 14, 2025, Arkham Intelligence charts confirmed the US authorities moved 668 Bitcoin, price roughly $74.8 million, right into a newly-created pockets. The transfer got here as digital property traded weaker throughout the market, suggesting that federal companies proceed to actively handle seized holdings.
US Authorities Bitcoin Holdings as of October 14, 2025 | Supply: Bitbo
The US authorities now controls 198,012 BTC, valued at roughly $22.25 billion, according to Bitbo. This stash represents almost 0.943% of Bitcoin’s whole 21 million provide, positioning america among the many world’s largest institutional Bitcoin holders.
Whereas US federal companies have auctioned seized Bitcoin up to now, latest coverage indications recommend a shift towards strategic retention. In March 2025, US President Trump issued an Executive order to launch a Bitcoin Strategic Reserve and Digital Asset Inventory Pile, offering a transparent framework to combine future crypto seizures into the nationwide treasury.
SUBBD Presale Crosses $1.2M US Bitcoin Seizure Boosts Investor Sentiment
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SUBBD presale
The SUBBD presale has raised $1.2 million out of its $1.4 million goal, with tokens at the moment priced at $0.056 every on the official web site. With lower than 24 hours earlier than the following value unlock, potential contributors now have restricted time to safe early-holder advantages.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at the moment finding out for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.