Chen Zhi, founder of the Prince Group and known as the “King of Telecom Fraud,” was extradited to China for trial in January this year. China's National Computer Virus Emergency Response Center and other agencies released a report revealing that between 2022 and 2025, the U.S. seized crypto assets worth over $30 billion (116.774 billion MYR) globally. In the Chen Zhi case alone, 127,000 bitcoins—worth about half the total value—were seized. The report describes how the U.S. uses its technological dominance to harvest global crypto assets and consolidate the international supremacy of the U.S. dollar.
● Harvesting Assets Using Technological and Legal Advantages
The report, titled “'Player One'—An In-depth Analysis of America's Global Crypto Asset Harvest Under Tech Hegemony,” was jointly released on the 26th by the National Computer Virus Emergency Response Center, 360 Digital Security Group, and others. The report systematically reveals how the U.S. leverages its blockchain technology, powerful law enforcement, and comprehensive regulatory framework to build a “Technology-Law-Enforcement” trinity harvesting system, using cyberattacks and extraterritorial jurisdiction to carry out large-scale “digital plunder.”
The report cites two high-profile cases as typical examples of America’s “precise harvesting.” The first concerns Chen Zhi, the Cambodian Prince Group founder. In October 2025, the U.S. Department of Justice filed criminal charges against him for telecom fraud and money laundering, and publicly announced the seizure of around 127,000 bitcoins under his control—then valued at $15 billion (58.387 billion MYR)—accounting for nearly half of total seizures in recent years.
The second case involves the international crypto exchange Binance and its founder Zhao Changpeng. Between 2023 and 2025, the U.S. imposed both civil and criminal liabilities on Zhao, ultimately forcing Binance to pay a record $4.3 billion (16.738 billion MYR) fine. The report reveals that the U.S. employed comprehensive surveillance in its investigation, including infiltrating Binance’s internal servers to obtain core operational data—demonstrating its enforcement logic of “rule-setting, forensic technology, and punitive harvesting,” aimed at economic extraction and compelling global platforms to comply with U.S. standards.
The report notes that U.S. government-backed hacker groups launched targeted attacks between 2023 and 2025 on over 20 major global crypto exchanges, stealing user wallet private keys and platform transaction records. Xiao Xingguang, founder of Antiy Technology Group, analyzed that some of these cyberattacks coincided in timing with official U.S. law enforcement actions, concluding that the U.S. makes routine use of legal and technical means to pursue and seize assets as a way to accumulate global wealth and alleviate its own economic crises.
● Ultimate Goal: Consolidating Dollar Hegemony
Du Zhenhua, a senior engineer at the National Computer Virus Emergency Response Center, pointed out that the total global crypto asset market value has reached $2.73 trillion (10.63 trillion MYR), equivalent to 47% of the world’s official gold reserves. The report concludes that the U.S. government seeks to control “digital gold” (bitcoin) as a hedge against the global “de-dollarization” trend. All these harvesting actions ultimately aim to integrate digital finance into a dollar-dominated global financial system, thereby maintaining and upgrading its economic hegemony.
The report, titled “'Player One'—An In-depth Analysis of America's Global Crypto Asset Harvest Under Tech Hegemony,” was jointly released on the 26th by the National Computer Virus Emergency Response Center, 360 Digital Security Group, and others. The report systematically reveals how the U.S. leverages its blockchain technology, powerful law enforcement, and comprehensive regulatory framework to build a “Technology-Law-Enforcement” trinity harvesting system, using cyberattacks and extraterritorial jurisdiction to carry out large-scale “digital plunder.”
The report cites two high-profile cases as typical examples of America’s “precise harvesting.” The first concerns Chen Zhi, the Cambodian Prince Group founder. In October 2025, the U.S. Department of Justice filed criminal charges against him for telecom fraud and money laundering, and publicly announced the seizure of around 127,000 bitcoins under his control—then valued at $15 billion (58.387 billion MYR)—accounting for nearly half of total seizures in recent years.
The second case involves the international crypto exchange Binance and its founder Zhao Changpeng. Between 2023 and 2025, the U.S. imposed both civil and criminal liabilities on Zhao, ultimately forcing Binance to pay a record $4.3 billion (16.738 billion MYR) fine. The report reveals that the U.S. employed comprehensive surveillance in its investigation, including infiltrating Binance’s internal servers to obtain core operational data—demonstrating its enforcement logic of “rule-setting, forensic technology, and punitive harvesting,” aimed at economic extraction and compelling global platforms to comply with U.S. standards.
The report notes that U.S. government-backed hacker groups launched targeted attacks between 2023 and 2025 on over 20 major global crypto exchanges, stealing user wallet private keys and platform transaction records. Xiao Xingguang, founder of Antiy Technology Group, analyzed that some of these cyberattacks coincided in timing with official U.S. law enforcement actions, concluding that the U.S. makes routine use of legal and technical means to pursue and seize assets as a way to accumulate global wealth and alleviate its own economic crises.
● Ultimate Goal: Consolidating Dollar Hegemony
Du Zhenhua, a senior engineer at the National Computer Virus Emergency Response Center, pointed out that the total global crypto asset market value has reached $2.73 trillion (10.63 trillion MYR), equivalent to 47% of the world’s official gold reserves. The report concludes that the U.S. government seeks to control “digital gold” (bitcoin) as a hedge against the global “de-dollarization” trend. All these harvesting actions ultimately aim to integrate digital finance into a dollar-dominated global financial system, thereby maintaining and upgrading its economic hegemony.