PANews reported on October 22nd that crypto analyst Emmett Gallic, in a post on the X platform, stated that the US government had seized 215 BTC, valued at approximately $23 million, from the wallet of Zhengcheng Huang, operator of the dark web market "Chinodrug." Seizure documents revealed that authorities claimed to have seized only 199.47 BTC, but the address actually held 215 BTC. Emmett Gallic noted that, based on past experience, the US government rarely reports accurate amounts in seizure documents.PANews reported on October 22nd that crypto analyst Emmett Gallic, in a post on the X platform, stated that the US government had seized 215 BTC, valued at approximately $23 million, from the wallet of Zhengcheng Huang, operator of the dark web market "Chinodrug." Seizure documents revealed that authorities claimed to have seized only 199.47 BTC, but the address actually held 215 BTC. Emmett Gallic noted that, based on past experience, the US government rarely reports accurate amounts in seizure documents.
Analyst: The US government has seized 215 BTC from the wallet of the operator of the dark web market "Chinodrug"
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PANews reported on October 22nd that crypto analyst Emmett Gallic, in a post on the X platform, stated that the US government had seized 215 BTC, valued at approximately $23 million, from the wallet of Zhengcheng Huang, operator of the dark web market "Chinodrug." Seizure documents revealed that authorities claimed to have seized only 199.47 BTC, but the address actually held 215 BTC. Emmett Gallic noted that, based on past experience, the US government rarely reports accurate amounts in seizure documents.
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