Sea
Sea|Nov 14, 2025 02:41
Prince Group's Chen Zhi: 127,271 BTC confiscated by the U.S. government, the largest seizure in history. Blue Sky Grey's Qian Zhimin: Accumulated 194,951 BTC between 2014-2017, later had 61,000 BTC confiscated by the UK government. Two scam masterminds, both happen to be Bitcoin diamond hands, holding for nearly a decade. They have a decent understanding of Bitcoin fundamentals. If they had held other assets like fiat currencies, land, or gold, they wouldn’t have lasted until 2025. However, most people’s reaction to these two pieces of news is: 1/ See, I’ve been saying it all along, Bitcoin = scams and money laundering. No decent person uses this stuff. 2/ Isn’t Bitcoin supposed to be secure? Isn’t the private key supposed to be sacred and untouchable? Yet the UK and US governments cracked it. Bitcoin’s technology is just a scam full of loopholes. It’s really hard to have a comprehensive and complete understanding of new things.
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