U.S. Government Seizes $23 Million in Bitcoin from Dark Web Operator

The U.S. government has taken a significant step against illicit activities by seizing approximately $23 million worth of Bitcoin from the dark web operator Zhengcheng Huang, who controlled the platform known as ‘Chinodrug’. Cryptocurrency analyst Emmett Gallic reported this confiscation on the X platform (formerly Twitter). While official documents indicate 199.47 Bitcoin were seized, the wallet contained a total of 215 Bitcoin, according to Gallic’s observation.