The U.S. government profits nearly $20 billion from the Chen Zhi case and the Zhao Changpeng case through technological hegemony

The report titled "Player One" ------ A Deep Analysis of the Global Virtual Currency Asset Harvesting Operation under American Technological Hegemony, jointly released by the China National Computer Virus Emergency Response Center and other departments, showcases the process by which the United States utilizes technological hegemony to harvest global virtual currency assets. According to incomplete statistics, from 2022 to 2025, the United States has confiscated global virtual currency assets worth over $30 billion through various cases, with the single case of Chen Zhi alone accounting for $15 billion, representing 50%.

The report indicates that in October 2025, the U.S. Attorney's Office for the Eastern District of New York announced criminal charges against Chen Zhi, the founder of the Cambodian Prince Group, involving telecom network fraud, money laundering, and more. They also publicly announced the seizure of approximately 127,000 bitcoins controlled by him, valued at about $15 billion based on market prices at the time, setting a record for the largest virtual asset seizure in the history of the U.S. judicial system.

The case of Binance founder Zhao Changpeng is another typical example of the United States using judicial hegemony and technological surveillance methods to force global virtual asset platforms to comply with its regulatory rules, achieving economic harvesting and rule export.

From 2023 to 2025, the United States initiated a dual accountability approach of "civil + criminal" against Zhao Changpeng, ultimately resulting in Binance paying a fine of $4.3 billion based on a plea agreement.

"During the investigation process, the U.S. employed comprehensive technological surveillance methods, achieving thorough penetration and evidence collection of Binance's operational data, user data, and transaction data, showcasing its technological advantages in the monitoring of digital asset platforms," Du Zhenhua further explained. The U.S. infiltrated Binance's internal servers through hacking techniques, obtaining core operational data and communications records of executives, confirming that Binance executives were aware of U.S. regulatory rules but deliberately evaded compliance requirements.

The report also states that from 2023 to 2025, hacker organizations with the backing of the U.S. government launched targeted attacks against over 20 mainstream virtual currency asset exchanges worldwide. The attack methods included implanting backdoors, spear phishing, and supply chain infiltration, focusing on stealing user wallet private keys, platform transaction flows, and compliance regulatory information, with attack targets covering platforms in multiple countries and regions across Asia, Europe, and Africa.

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