Person

Chen Zhi

Alleged scam network kingpin and founder of the Prince Group, reported arrested in Cambodia and extradited to China after earlier US sanctions and indictment.

Current stories

invest3 publishersConfirmed

Washington's $770 million bitcoin transfer to Coinbase Prime raises questions over no-sale order

US government wallets sent 9,261 bitcoin worth $770 million to Coinbase Prime in two days, according to Galaxy Research. With half from the Bitfinex hack and a 2025 order barring sales, custody or restitution fits the record better than a sale.

Publishers:cointelegraph.comcrypto.newsnews.bitcoin.com

Perspective Coverage

3 publishers

Builder: Builder 12%
Operator: Operator 38%
Investor: Investor 50%

Reality

Evidence58
Adoption: Insufficient
Hype gap+12
Incentives: Insufficient
Confidence60

leadership1 publisherOne report

US-UK sign joint pact to coordinate prosecution of scam-center networks

American and British prosecutors have agreed to decide between themselves where scam-center cases get charged, and an industry disruption event in October will show who outside government is expected to act on that timetable.

Publishers:news.bitcoin.com

Reality

Evidence44
Adoption34
Hype gap+30
Incentives62
Confidence45

security1 publisherOne report

DOJ and the NCA will decide together which country prosecutes each scam-compound case

The memorandum signed Thursday commits both agencies to an in-person disruption event with private industry partners, hosted by the National Crime Agency in London in early October, on cases they had already found overlapping.

Publishers:therecord.media

Reality

Evidence45
Adoption40
Hype gap+20
Incentives65
Confidence55

invest1 publisherOne report

Hong Kong's 56 months and Chainalysis's $14bn both point at the stablecoin off-ramp

A recruiter's Hong Kong prison term stands, and the proceeds it fed ran on stablecoins. The gap between traced fraud flows and estimated global losses shows where screening is not looking.

Publishers:cryptopolitan.com

Reality

Evidence44
Adoption63
Hype gap+16
Incentives61
Confidence46

security1 publisherOne report

China got the handcuffs on Chen Zhi. Expect the fraud to change address, not stop

Beijing's crackdown on Southeast Asian scam compounds is driven by domestic outrage, and one expert told Congress the effect so far has been syndicates pivoting to target Americans.

Publishers:news.risky.biz

Reality

Evidence56
Adoption58
Hype gap+6
Incentives34
Confidence55