# asset seizure

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.