pig-butchering scam king Chen Zhi arrested in Cambodia, extradited to China. the US previously seized 127k BTC from wallets associated with this group (info unsealed in october 2025)
but zhi still has more than $2bn in BTC. that's a nice pile of corn for the chinese 🌽

we identified 23,191 BTC associated with him
- 7,234 BTC still in wallets tagged to Prince Group / Lubian
- 15,957 BTC that he moved out of his OFAC sanctioned wallets to new ones shortly after the US unsealed its indictment of him in october
the US has an indictment for him but now that china is holding him there's no way the US will seize him
remains to be seen what happens with these 23k BTC we've identified. none of it has moved since he was arrested or extradited
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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