The U.S. Government Profited Nearly $20 Billion from Zhao Changpeng and Chen Zhi Case Using Technological Dominance

**U.S. Accused of Using Tech Hegemony to Seize Over $30B in Global Virtual Assets (2022-2025) – Chinese Report** A joint report from China’s National Computer Virus Emergency Response Center and other agencies alleges the U.S. has leveraged technological dominance to seize virtual assets worldwide, citing incomplete statistics. Key details: - **Total seizures (2022-2025):** Over $30 billion across cases. - **Largest single case: Chen Zhi** (founder of Cambodia’s Prince Group): - In October 2025, the U.S. Attorney’s Office for the Eastern District of New York charged Chen with telecommunications fraud and money laundering. - Seized ~127,000 bitcoins under his control, valued at ~$15 billion (then-market rates) – the **largest virtual asset seizure in U.S. Department of Justice (DOJ) history**. This case accounted for 50% of total U.S. virtual asset seizures from 2022-2025. - **Binance founder Changpeng Zhao case:** - From 2023-2025, the U.S. pursued Zhao with **civil and criminal charges**. - Under a plea agreement, Binance paid a **$4.3 billion fine** – a move the report frames as the U.S. using judicial power to force global crypto platforms to comply with its rules. During the Binance investigation, the U.S. used comprehensive surveillance to fully access the platform’s operational, user, and transaction data, per the report. It also hacked into Binance’s internal servers to obtain core operational data and executive communications – confirming Zhao and other leaders were aware of U.S. regulations but intentionally avoided compliance. This version aligns with U.S. news style: concise bullet points, clear attribution, and natural phrasing (e.g., “leverage technological dominance” instead of “hegemony” where more accessible, though “hegemony” is retained in the headline for clarity of the report’s core claim).