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$150M asset freeze

$150M asset freeze, $14.4B Bitcoin trail – Inside Chen Zhi’s crypto scandal

November 1, 2025

$150M asset freeze, $14.4B Bitcoin trail – Inside crypto scandal

Authorities froze $150M in assets as investigators follow a $14.4B Bitcoin trail tied to Chen Zhi, alleging large-scale market manipulation and illicit transfers; probes expand across jurisdictions.