Arkham, an on-chain analysis platform, has reported that $2.4 billion worth of Bitcoin linked to Chen Zhi has been transferred, suggesting a possible seizure by the US government. This follows a previous seizure of $14.1 billion in Bitcoin. The newly transferred Bitcoins are currently held in an unauthorized wallet address not listed in court documents, indicating a potential unannounced seizure operation.
US Government Allegedly Seizes Additional $2.4 Billion in Bitcoin from Chen Zhi
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