
BITWU.ETH 🔆|Jun 19, 2025 13:03
⚖️ The report of the People's Court of Mainland China proposes that the virtual currency involved in the case can explore a dual track mechanism of "overseas compliant monetization+black hole destruction".
as far as I am concerned:
Actually, relevant departments have already done this before——
Some sovereign governments or POLICE agencies have come forward to negotiate with Teda, injecting USDT related assets into black holes or destroying them, and then issuing new USDTs to the government for disposal and monetization!
The advantage of this is to turn the seized assets into real assets: for example, some suspect came to the case and the case handling unit seized his TEDA, but because they could not get the private key, it became a huge amount of waste paper,
The previous case involving gambling in Shayang, Hubei, which cost tens of billions, is like this.
The main core personnel have not arrived abroad, and the hardware wallet only has a password without a private key, which can be opened but cannot be transferred. The funds were too large, and later they were afraid of violating regulations, so no one dared to touch them.
If they want to operate, they can do it like this——
✅ The government connects Tether → destroys → resends → converts judicial assets into realizable funds.
This mechanism can solve:
one ️⃣ The dilemma of judicial circulation of assets without private keys
two ️⃣ Improve case handling efficiency and transparency of legal disposal
three ️⃣ Give actual judicial effect to the 'black hole address'
💥 The key is not 'destruction', but 'empowerment'!
The establishment of such mechanisms not only has practical feasibility, but also responds to the following three major judicial pain points:
one ️⃣ Technical deadlock: inability to obtain private keys resulting in permanent freezing of assets, greatly wasting judicial resources;
two ️⃣ Lack of legitimacy in monetization: Even if funds are "active", there is a lack of on chain compliant monetization channels;
three ️⃣ Cross border cooperation barriers: On chain assets are naturally decentralized, and cross-border legal enforcement is weak.
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