LuBian Wallet Moves $1.3 Billion in Bitcoin After DOJ Case Filing

A significant bitcoin movement worth over $1.3 billion has been observed following the Department of Justice’s (DOJ) announcement of a $15 billion forfeiture case against crypto fraud schemes. The transfer, according to blockchain analytics by firms like Lookonchain and Arkham Intelligence, occurred just one day after the DOJ unveiled its charges against Chen Zhi, founder of Prince Holding Group, at the heart of the alleged fraudulent activity. This development has sparked interest in the cryptocurrency market.