China has issued a new report on February 26 accusing the United States of using its
technological and regulatory power to “harvest” virtualcurrency assets from around the world.
The report, released by China’s National Computer Virus Emergency Response Center and a
cybersecurity research institute, claims that U.S. authorities have seized more than US$30
billion in global cryptocurrency holdings between 2022 and 2025.
According to the report, nearly half of the seized assets were tied to the highprofile case
involving Chen Zhi, founder of Cambodia’s Prince Group (太子集團). Chen was arrested in 2024
and later extradited to China, where he faces charges related to online fraud and money
laundering. U.S. prosecutors had previously charged Chen in New York and confiscated 12.7
million bitcoins from the accounts controlled by Chen, valued at roughly US$15 billion at the
time, marking one of the largest crypto seizures in American history.
Chinese authorities argue that the United States uses its dominance in global internet
infrastructure, financial networks, and blockchain analytics to monitor and confiscate digital
assets worldwide. The report alleges that these actions go beyond criminal enforcement and
amount to a strategic effort to strengthen U.S. control over emerging digital financial systems.
Source: LTN, February 26, 2026
https://news.ltn.com.tw/news/world/breakingnews/5352218