On October 10, the U.S. took a very strong step, forcibly confiscating Cambodia's e-fraud park of 12,7271 bitcoins, according to the current market price, the total value of about $15 billion (approximately RMB 107 billion), which set the record for the largest crypto-currency seizure in the history of U.S. justice.
The funds belonged to the chairman of the "Prince Group" of Cambodia, Chen Zhi - born in Fujian, British-Cambodian, and was classified by the United States as the head of a transnational criminal organization.
Since 2015, the group has operated "killing pig disks" e-fraud park in the port of Sihanouk, specializing in cheating Chinese, and has earned up to $ 30 million; in recent years, the touch corner has stretched to Europe and the United States, the Americans lost more than $ 100 million last year.
The U.S.'s attack route is to first trace it on the chain, then send undercover infiltration, directly obtain the cold wallet private key, and transfer all bitcoins. Although the person was not caught, it has sued Chen Zhi (up to 40 years in prison) and sanctioned more than 100 related persons and entities.
Britain simultaneously froze 19 luxury houses in London, Chen Zhi, totaling more than 100 million pounds.
The stolen money mainly came from China victims, but was confiscated by the United States in one go and became "windfall" to fill its fiscal deficit.
Territorial jurisdiction allows the United States to get a "law enforcement pass": as long as the fraudulent phone call reaches the United States, the United States can file a case, freeze it, and confiscate it without sharing it with the country of origin that suffered the most.
This time, Washington used "pig butchering scampig" to kill pig butchering scampig, and the method was clean and neat:
At the technical level, on-chain traceability + social worker penetration proves that there is no absolute anonymity in the encryption world;
At the legal level, the traditional remedy logic of "who is the victim and who is the chief punisher" has been transformed into "who is the fist and who gets the money".
On a strategic level, the United States is still able to formulate and enforce the “crypto game rules” outside the dollar system, both by hitting the Southeast Asian gray business network and by giving its own treasury blood back, but also by declaring to the world.
The funds belonged to the chairman of the "Prince Group" of Cambodia, Chen Zhi - born in Fujian, British-Cambodian, and was classified by the United States as the head of a transnational criminal organization.
Since 2015, the group has operated "killing pig disks" e-fraud park in the port of Sihanouk, specializing in cheating Chinese, and has earned up to $ 30 million; in recent years, the touch corner has stretched to Europe and the United States, the Americans lost more than $ 100 million last year.
The U.S.'s attack route is to first trace it on the chain, then send undercover infiltration, directly obtain the cold wallet private key, and transfer all bitcoins. Although the person was not caught, it has sued Chen Zhi (up to 40 years in prison) and sanctioned more than 100 related persons and entities.
Britain simultaneously froze 19 luxury houses in London, Chen Zhi, totaling more than 100 million pounds.
The stolen money mainly came from China victims, but was confiscated by the United States in one go and became "windfall" to fill its fiscal deficit.
Territorial jurisdiction allows the United States to get a "law enforcement pass": as long as the fraudulent phone call reaches the United States, the United States can file a case, freeze it, and confiscate it without sharing it with the country of origin that suffered the most.
This time, Washington used "pig butchering scampig" to kill pig butchering scampig, and the method was clean and neat:
At the technical level, on-chain traceability + social worker penetration proves that there is no absolute anonymity in the encryption world;
At the legal level, the traditional remedy logic of "who is the victim and who is the chief punisher" has been transformed into "who is the fist and who gets the money".
On a strategic level, the United States is still able to formulate and enforce the “crypto game rules” outside the dollar system, both by hitting the Southeast Asian gray business network and by giving its own treasury blood back, but also by declaring to the world.