CryptoQuant co-founder Ki Young Ju said the Chinese government is a crypto whale, despite its negative posture toward the industry.
SMAGUS FAKTAS: Kinijos vyriausybė🇨🇳 yra kriptovaliutų banginis.
194 m. Kinijos valdžios institucijos konfiskavo 833 2019 BTC, 6 XNUMX XNUMX ETH ir kitus iš „PlusToken“ sukčiavimo. Jos atidavė šį XNUMX mlrd. USD vertės turtą nacionaliniam iždui.
FWIW, „MicroStrategy“ turi 130 tūkst $ BTC. pic.twitter.com/Ilqp7EnenL
– Ki Young Ju (@ki_young_ju) Lapkritis 2, 2022
According to Young Ju, China holds $6 billion worth of cryptocurrencies — including 194,000 Bitcoin ($3.9 billion), 833,000 Ethereum ($1.2 billion), and several other unnamed digital assets — it seized from the PlusToken scam in 2019.
The PlusToken scam
The PlusToken scam was a Ponzi scheme that began in 2018 and had investors mainly from China and South Korea. Reports stated that the scheme had swindled investors off over $2 billion in digital assets in 2019.
Kinijos vyriausybė pritvirtinti the arrest of the operation’s masterminds, jailing them for 11 years.
Tuo tarpu, „CryptoQuant“ analizė atskleidė that the scammers have cashed out over 90,000 BTC using mixers through various addresses. The co-founder also pareiškė, that the malicious players were still active, as they sent 50 BTC to the same mixer last week.
Other countries acquiring crypto through seizures
China is not the only country acquiring crypto through seizures. Earlier this year, the US Department of Justice konfiskuota 3.6 milijardo dolerių vertės Bitcoin, susietas su 2016 m. Bitfinex įsilaužimu. Prieš tai vyriausybė paėmė 70,000 XNUMX BTC iš Ross Ulbricht, kai jis nugriovė Šilko kelią.
However, unlike China, the United States tends to auction off its seized crypto assets. As of Feb. 2022, the US government laiko $4.08 billion worth of Bitcoin.
The U.K. has also konfiskuota hundreds of millions of crypto assets, most of which are connected to various crimes.
Ukraine and El Salvador also hold a chunk of BTC. The former mostly acquired its crypto via donations to support the country in its war with Russia.
On the other hand, El Salvador is the first country in the world to padaryti the flagship digital asset legal tender.
Meanwhile, another notable country with crypto holdings is North Korea. Reports valstybės that North Korea-sponsored hackers have stolen up to $2 billion in crypto over the past ten years. The country reportedly spends most of its crypto holdings on its defense programs.
Source: https://cryptoslate.com/china-holds-3-9b-worth-of-bitcoin-despite-anti-crypto-stance/