# Prince Group
Latest news and articles about Prince Group
Total: 2 articles found
China Accuses U.S. of Engineering a $15bn Bitcoin “Asset Grab” in High‑Profile Seizure
Chinese cybersecurity authorities allege the United States used state‑level hacking to seize roughly 127,000 bitcoins linked to Chen Zhi, turning purportedly stolen coins into a U.S. digital reserve rather than returning funds to victims. The accusation highlights risks from implementation flaws in wallet software, the geopoliticisation of cyber capabilities, and growing tensions over cross‑border digital asset governance.
Beijing Alleges U.S. Seized $15bn in Bitcoin From Cambodian Crime Boss — And Stole It Years Earlier
Chinese cyber authorities allege the United States seized about 127,000 bitcoins tied to Chen Zhi of the Prince Group and that those assets were originally taken by U.S. state‑level hackers in 2020. The allegation frames recent high‑value U.S. crypto forfeitures as part of a broader American practice of using technical and legal tools to assert control over global virtual assets, raising legal, diplomatic and market‑stability questions.