Zhou Hongyi Accuses U.S. Government of Fabricating Evidence in Bitcoin Seizure

Zhou Hongyi, the founder of 360 Group, has accused the U.S. government of fabricating victims and evidence to justify the legal seizure of approximately $15 billion in Bitcoin linked to the Chen Zhi case. According to NS3.AI, the bitcoins, which were seized in 2020, remained dormant and unclaimed until a public seizure in 2025 under the Trump administration. Zhou argues that the official indictment is riddled with inconsistencies and flawed evidence, suggesting that the case serves as a pretext for asset confiscation rather than genuine law enforcement.