U.S. Seizes $15 Billion in Bitcoin from Cambodian Chairman, Raises Questions About Cryptocurrency Security

The U.S. Department of Justice has seized $15 billion worth of bitcoin after a complex investigation involving the LuBian Mining Pool and Chen Zhi, chairman of Prince Group. This unprecedented seizure stems from an alleged ‘hack-on-hack’ incident where funds were stolen in 2020 and reactivated in 2025. The Justice Department argues that this case highlights vulnerabilities in cryptocurrency security and brings up questions about state authority in digital asset recovery.