Before Trump took office, cryptocurrencies seized by the government were regularly directed for sale with court permission. In fact, the government, with an agreement between the US Department of Justice and Coinbase, had already systematized sales through Coinbase Prime. But Trump took office and things changed. And reserves are growing rapidly.
127,271 BTC Seized
on social media cryptocurrency A significant part of the scammers are parts of a larger structure. These fraudsters, who work to defraud people in an organized manner, are a much larger organization than expected. The latest case involving Chen Zhi, the chairman of Cambodia’s Prince Holding Group, brought this large organization to light.
Galaxy Research this week seized $15 billion worth of 127,271 items seized by the DOJ. to BTC drew attention. Chen Zhi was taking people to a fraud camp in Cambodia with the promise of a job and forcing them to work there.
So how was the fraud proceeds laundered? Warp Data (based in Laos, with a subsidiary in Texas) and LuBian (mining company based in China) stand out here. LuBian experienced one of the largest private key leaks in history in 2020. 127,000 BTC was stolen due to a software bug called “Milk Sad”. LuBian did not officially confirm this attack, but the on-chain “return the assets you stole” message confirmed this.
According to the indictment, Chen personally kept records of wallet addresses and seed phrases, and the assets seized these days were the spoils of internal fraud. Prince Group and LuBian are not separate, but branches of the same organization, so the seized assets are proceeds of crime.
US Bitcoin Reserve
A new step was taken under the leadership of Trump in March. Accordingly, the US Treasury seized crypto coins Strategic Bitcoin 
$106,853.82 It has the authority to hold it within the scope of its reserve. Thus, US reserves increased by 64% overnight and exceeded 3.5% of the US gold stock. In other words, the US government became the largest owner of Bitcoin in the world, right after MicroStrategy.
With the authority given by the decree dated March 6, the government BTC It does not sell and keeps it in reserves. Moreover, this is expected to continue until Trump’s term ends in 2028.
