The US government just seized 127,000 BTC from a guy who operated forced labor crypto scam compounds in Cambodia.
This marks the largest seizure of any kind in history.
Discussion
JFC…
Could you plug a link. I want to read more
Fuck him
Reserve funded? Lol
Hopefully they can return to people.
Fuck no the Bitcoin Reserve is based on confiscation.
*government
Honestly I'm not gonna shed a tear for a crypto scammer pig butchering slaver losing their stack.
That said, the seized funds should go toward making victims whole. If they lost Bitcoin, it should be returned as Bitcoin. If they lost fiat or shitcoins, give them the fiat value back. If there's anything left over, THAT can go into the SBR.
The idea that seizing stolen property means the state now gets to keep it is a really fucked up idea. If my car is stolen and then recovered, do they now have a strategic used car reserve?
The government murders and steals every day, why would it give a fuck about the victims? It doesn't care about the crimes either, other than the perpetrators are not "in the club". In which case busting them scores loot and some good PR.
How exactly was it seized? Was he keeping it all on an exchange? Or did he willingly hand it over?
Probably an exchange
Bears eat before the winter, remember friends 🐻🤤
SBR back on track!
Is this considered a budget neutral way of growing the sbr?
SBR seed money in the bag 😂
So he's still at large, but they got his Bitcoin?

Is That guy a CIA guy and That was where the US cripto was ? x)
source link please
"Zhi, who is also known as “Vincent,” remains at large, according to the U.S. Attorney’s Office for the Eastern District of New York."
https://www.cnbc.com/2025/10/14/bitcoin-doj-chen-zhi-pig-butchering-scam.html
Did they actually take possession of the keys? Or is this a "seizure" in name only?
Budget neutral ways
When OPs say “No one can take your Bitcoin!”
I just shake my head.
Will they give it back to the victims this time? Or is it okay to steal if somebody stole it first?
People already give their governments a free pass to murder and steal, no need for an excuse
Holy crap, 127,000 BTC seized?! That’s insane—biggest seizure ever! Those Cambodia crypto scam compounds sound like something out of a dystopian movie. Forced labor to run crypto cons? That’s next-level evil. Props to the US gov for shutting it down, but damn, how many more of these are still operating under the radar? Wonder what they’ll do with all that Bitcoin—hope it goes to helping the victims somehow. This whole thing is a gut check for the crypto world. We gotta keep pushing to clean up the space so it’s not just a playground for scammers. Anyone know more about how they pulled off this bust? #CryptoScams #Justice
Filters work. Jameson Lopp is an evil shitcoiner who is running a malware.
They have kept OP_RETURN clean and let data under 83 Bytes.
Core devs who lied us that filters do not work are compromised.
Especially the ones who used inscriptions as excuse which they themselves intentionally allowed.
Bitcoin Knots is keeping Bitcoin Freedom Money clean of spam, jpegs and csam.
& that will become the ballast of Americas SBR
HODL
Should have use Monero 🤣🤣🤣
#SHUM
#HFSP
If he had used monero it would almost triple the marketcap.
Were these fools just keeping it all on an exchange?
The DOJ stated that he had the keys on his person.
Do you believe that? that seems so weird
But he's still at large...
They can capture wallets, not the spirit.
Everything they own is stolen
Have the DOJ sign a message from several of the addresses, I'll wait.
The message should be "We totally have his keys and aren't just seizing the man"
He should have hodled
So the us DOJ will have to give all these coins to the scam victims again? 😅
Thats a lot of Coin
So that's how they build their #SBR in a budget neutral way. 😝
I thought it was sex trafficking.. thanks for posting. Wouldn't it be interesting if the gov could pay off what debt we owe using Bitcoin.. Capital gains treatment of Bitcoin has to be revised..
Bitcoin fixes this
The only real crime that has been proven at this time is asset forfeiture by the feds.
I am not defending any kind of scammer but it seems the only way the US govt earn their Bitcoin is from seized scammer BTC’s.
I thought it was unseizable?
I can only find one court document and in it, nothing has been seized. There is an order to seize it, but it's a self-custodial wallet and the main guy is still at-large. There is also an order to seize any other property owned by him, but no Bitcoin has actually been seized. I'm not sure why the reports are saying otherwise.
"Those funds (the Defendant Cryptocurrency) are presently in the custody of the U.S. government."
In legal terminology, custody in this context is the government's claim over the asset regardless of actual possession of the private keys. You can see in the court document that the Bitcoin is in "addresses known to the government" and the DOJ "requests that: warrants be issued..." and "due process issue to enforce the forfeiture of the Defendant Cryprocurrency".
There is no evidence that I can see (yet?) that the government has actual control of these funds.
Yeah, 'custody' can be a bit ambiguous. Furthermore, if the government indeed had control of the keys, why not simply transfer the funds away from still plausible control by the defendant?
"61. If any of the above-described forfeitable property, as a result of any act or omission of the defendant:
(a) cannot be located upon the exercise of due diligence;
(b) has been transferred or sold to, or deposited with, a third party;
(c) has been placed beyond the jurisdiction of the court;
(d) has been substantially diminished in value; or
(e) has been commingled with other property which cannot be divided
without difficulty; it is the intent of the United States, pursuant to Title 21, United States Code, Section 853(p), as incorporated by Title 18, United States Code, Section 982(b )(I), to seek forfeiture of any other property of the defendant up to the value of the forfeitable property described in this forfeiture allegation."
Okay, if it was forced labor scam. It all should go to victims and what is left should go to people who have been forced to work there. Not a single satoshi should go to US government
nevent1qqsyq89md670xjhhsdg47qvkkr6cngn4lsy7rdq6quqzkg43d7algxq0jhelv
US Strategic Bitcoin Reserve increases by 127K bitcoins.😜