According to on-chain analyst Yu Jin, the US plans to confiscate 127,000 BTC (US$14.1 billion) from Cambodian Prince Group's Chen Zhi. This means the US government now holds 324,000 BTC, valued at US$36.2 billion, making it the largest BTC holder.
1. Chen Zhi's case documents mention that the planned confiscation of BTC is located in 25 addresses, totaling 127,271 coins. These addresses are marked on Arkham as belonging to the LuBian mining pool and were stolen in 2020.
2. These BTC were collected and transferred in July of last year, and at that time, the LuBian mining pool even issued an on-chain call for their return. However, Chen Zhi's case documents clearly state that these BTC are now in the hands of the US government, which means that the collection in July last year was likely carried out by the US government, not hackers.
3. Including the 127,000 BTC confiscated from Chen Zhi, the US government now has 324,000 BTC worth $36.2 billion.
