U.S. Government Seizes Bitcoin from Dark Web Operator

According to PANews, cryptocurrency analyst Emmett Gallic revealed on the X platform that the U.S. government has confiscated 215 Bitcoin from the wallet of Zhengcheng Huang, the operator of the dark web market 'Chinodrug.' The seized Bitcoin is valued at approximately $23 million. Official documents indicate that only 199.47 Bitcoin were reported as seized, despite the wallet containing 215 Bitcoin. Gallic noted that historically, the U.S. government seldom reports precise amounts in confiscation documents.