The U.S. Seized 127k Bitcoin By DRAINING WALLETS. Chinese Cooking Oil Crash.

    The US Department of Justice seized 127,000 Bitcoin but it was HOW they did it that concerns me and it comes down to WEAK KEYS which allowed those wallets to get drained.

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    41 Comments

    1. UPDATE: The DOJ put out a press release with documentation which STILL does not show EXACTLY how those bitcoin wallets were accessed. Summary is below from ChatGPT:

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      What’s not in the public record (so far)

      The complaint/press releases do not describe the operational step that yielded those seed phrases (e.g., device seizure, cloud backup, insider cooperation, etc.). They just establish that Chen kept them and that the government now controls the coins. Expect more detail, if any, in later unsealed affidavits or testimony.
      Department of Justice.
      Bottom line: Public filings confirm Chen documented his own seed phrases and that DOJ has already moved the BTC into U.S.-controlled wallets; they don’t disclose the precise tactical method used to obtain those phrases while Chen remains at large

    2. Well, if people want to stay healthier, then they shouldn't be ingesting cooking {seed} oils anyways. You might as well be using motor oil, for your cooking!
      As a carnivore, I bet you already know that, Rob.

    3. The U.S. government seized 127,271 BTC, valued at roughly $14 billion, tied to a sprawling online investment scam run by Chinese émigré Chen Zhi, 38, and his Cambodia-based Prince Group Transnational Criminal Organization. not American Wallets

    4. It easy to to seize… probably had his seed phrase stored on phone a pic or online somewhere… hacked his computer thru op address back door.. computer keyboard sniffing…

    5. 100% chance that they were working on testing those weak private keys for a long time. On Oct 14th, they finally hacked the keys. Later they filed their civil forfeiture, got permission, and then took all the Bitcoin.

    6. Are you joking? Trump is literally the biggest fool in the world. The world laughs at the US. He certainly did not end any wars. That is actually a good joke. He is trying to start wars.

    7. Wow, I have been thinking that it may be possible to reverse calculate the private Bitcoin keys from the public keys. Bitcoin uses a different elliptic curve than the standard ones, and maybe there is a weakness there, at least for someone like the NSA who has more knowledge and resources for this kind of cryptography.

    8. Haha. Wake up. Your wallet isn't safe from the government if they really want it. I know people (government trained) that can break into any system in the world. I know a guy you can pay $400 and he will give you control of any website hosted by GoDaddy and other platforms too. Wake up. Now with AI anyone with the balls can break into anything.

    9. I'm starting to think Trump is the primary cause for the market manipulation look at every time he mentions tariff markets drop. Is it coincidence that a private wallet places orders ja few minutes before he tweets?

    10. So the US is officially a filthy criminal stealing things that doesn't belong to them!
      Remember, if they do it to one person they'll do it to everyone!

    11. I am not sure what is so surprising. Microsoft Windows as well as many other OSes and apps contain keyloggers that record everything you type and many record screenshots of what your screen periodically. Some on behalf of illegal criminals and some on behalf of the government. Privacy is an illusion.

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