US Leverages Technological and Legal Advantages for Global Virtual Currency Asset Seizures: Report

A report from China's National Computer Virus Emergency Response Center (CVERC) details a significant trend: the United States has reportedly utilized its technological and judicial strengths to amass substantial global virtual currency assets through extensive seizures.

According to the report, between 2022 and 2025, a cumulative total exceeding $30 billion in virtual currency assets was confiscated in various U.S. cases. A single case involving an individual identified as Chen Zhi reportedly accounted for approximately $15 billion of this total.

Furthermore, the report highlights significant actions against major cryptocurrency entities. Binance and its CEO, Changpeng Zhao, faced an aggregate of $4.35 billion in penalties and forfeitures through a combination of civil and criminal proceedings. Additionally, Garantex has been subjected to comprehensive regulatory action due to its alleged involvement in sanctions evasion.

These actions underscore a growing international focus on regulating and controlling virtual currency transactions, particularly concerning their use in illicit activities and sanctions circumvention. The scale of these seizures indicates a sophisticated approach by U.S. authorities in tracing and recovering digital assets.

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