Xi's Silent Scream: $15 Billion Vanishes, and Beijing's Blaming Uncle Sam | Digging into China

Hi, I'm Dong Xan. Welcome to Digging into China, where we explore China in depth to review unique perspectives. Today, I've got some incredibly explosive and a fascinating news to share with you. President Xi Jinping is dealing with a major headache. His utterly furious. He's had to swallow his pride or as the Chinese saying goes, swallow his broken teeth. But at the proverb says, the tree desires a stillness, but the wind keeps blowing. She wanted to just suck it up and move on. Yet, international and Chinese online opinion is constantly roasting the whole affair. Finally, she couldn't take it anymore. A couple of days ago, he expressed his rage through a rather unusual channel. While this move hasn't solved the problem, it might perhaps have saved she from a complete nervous breakdown. First, a little background on the event. In October 2025, the US Department of Justice announced the criminal charges against the Cambodia's Prince Holding Group founder and the chairman Chu. He is accused of masterminding a massive cyber scam empire involving pig butchering fraud centers in Cambodia that used forced labor. These scams defrauded global victims of enormous sums through cryptocurrency investment scheme. As part of the operation, US and UK authorities implemented sweeping sanctions on the Prince Group and its 146 associated entities and successfully seized approximately $15 billion in Bitcoin from self-custody wallets controlled by Chanju. This is the largest asset seizure in US history. This 37-year-old Chinese Cambodian businessman is alleged to be the head of the largest cyber crime organization in Southeast Asia, whose scam network is believed to have caused the billions of dollars in global losses. On November 9th, the Chinese Communist Party's core external propaganda outlet, Hong Kong01, published an article that was quoted by many mainstream Western media outlets because the content was indeed too explosive to ignore. The headline reads, "The 127,000 bitcoins Cher lost nearly 5 years ago operated by a state level hacking organization. The report stated that the China National Computer Virus Emergency Response Center issued a report on November 9th claiming that Chen, the head of Cambodia's Prince Group, was hacked in late December 2020, losing 127,000 bitcoins. This is the exact batch of Bitcoin that the US has now seized, valued at $15 billion. The report further noted that these bitcoins remained untouched in the attacker's wallet address for nearly four years, meaning the bitcoin was stolen via a hack. But this massive fortune was never moved or spent. Then in October of this year, the US government announced the seizure of Chur's Bitcoin, an almost identical amount. The report concludes that this looks less like a typical hack and more like a precise operation orchestrated by a state level hacking organization. A case of the pot calling the kettle black. In short, the China National Computer Virus Emergency Response Center issued a report titled technical tracing and analysis report on the massive Bitcoin theft from the Reuben Mining Pool. The report claimed that the stolen Bitcoin was worth $3 and half billion dollars at the time and is now valued at $15 billion. The report repeatedly emphasizes that this batch of Bitcoin was never used after the theft. A typical hacker would have spent or laundered the cryptocurrency long ago. This strange hacker stole the money and just left it sitting there. The report's implication is clear. This batch of Bitcoin was stolen by the US government. It wasn't until June 22nd to July 23rd of last year that the Bitcoin was transferred to a new chain address. Since being moved to the new address, this massive sum has still not been touched. Therefore, the CCP's report is trying to lead to one conclusion. The entity that stole the prince group's Bitcoin wasn't just any ordinary hacker. It was the US government. Did the China National Computer Virus Emergency Response Center actually track this down through a technical investigations? Nope. Technically, they don't have the capability to track it. The report actually gives itself away. It's essentially a reprint of a report from Akhan, a well-known American blockchain tracking platform copied almost word for word. However, the final conclusion is their own deduction intended to express Shiinping's anger. The report states, "On October 14th, 2025, the US Department of Justice announced the criminal charges against Chanjur and claimed the seizure of over 127,000 bitcoins from him and his prince group. This amount is consistent with the Bitcoin involved in the 2020 case. The US government has not yet disclosed how they obtained the private keys for Treasurer's massive Bitcoin chain addresses in their indictment. All evidence indicates that the Bitcoin seized by the US is the same badge stolen in a 2020 case. A classic case of the pot calling the cattle black operated by a state level hacking organization as a cryptocurrency. A Bitcoin chains address is used to identify ownership and the flow of Bitcoin assets. Complete control over the Bitcoin in a chain address is achieved solely by possessing the private key. I have three main points to share about this news. One, the US government's investigation which ultimately led to the indictment of Chungjour and the Prince group began in 2023. The US government has not disclosed how they intercepted the 127,000 bitcoins, but they determined that the Cher and the Prince group were a criminal organization, the largest scam group in the world. Their victims included US citizens and people from many countries globally. The US government is simply confiscating their assets because of their illegal activities. After the US announced this, there has been an unofficial rumor circulating in the crypto community that the US government possesses special tools that allow them to determine your address and seize your virtual currency. Most other countries don't have these tools. Therefore, the fact that the US government has the capability to seize changes Bitcoin is not news. It's a widely understood phenomenon in the crypto world. Two, why is she so incredibly mad? Because if the US hadn't announced a seizure, he could have just silently taken the hit. She's sphere of influence was effectively robbed by the US. He could have just let it go. However, the US publicly boasted about the seizure to the entire world, leading Chinese nizens to constantly discuss, "Wait, $15 billion? That's our party's money. That's the CCP's money. How did the US managed to just take it away?" This incident created enormous pressure on Shei in the Chinese public opinion sphere. Why the immense pressure? First, Chinese nizens discovered the extremely close relationship between Cher, the prince group, and the CCP. CCP official media had a very positive coverage of Chan and his prince group, even presenting them on a as a powerful force and a representative of positive energy for China's overseas united front work. Suddenly they are indicted by the US as the world's largest scam organization closely linked to the electric fraud per perpetrators in Cambodia. Chinese nizens suddenly realized that global menace of Chinese electric fraud groups was all along supported by the CCP and blessed by Shiinping himself. No wonder they got so big. Look at the world's biggest scam group. Our party didn't even touch touch touch it. Instead, they focused on smaller fry scammers in Mayamar constantly broadcasting their results trying to look like they are aggressively cracking down on fraud. But the biggest group, they wouldn't touch it. Then the US came in and took the whole thing down. Chinese nizens are now mocking Xi Jinping saying, "You tolerate and sheltered them. You thought you could fatten up these white glove assets and instead the US just cleaned the house. They are mocking she for his backfiring scheme. Second, since these white gloves were cultivated by the CCP, their huge wealth should have been confiscated by China's Ministry of Public Security. This would have added $15 billion to the Chinese Treasury. Instead, Chenjour, a Chinese citizen operated in Cambodia, a country very friendly with the CCP, was cleaned out by the US. This makes she look incompetent. Xi Jinping, you didn't just lose money, you lost faith. So, on one hand, the Chinese public believed the CCP was secretly supporting these international electric frosters. On the other hand, right out in the open with the whole world watching, the US seized all the loot and the CCP didn't dare other a peep. This makes them look incredibly guilty to the public. So, how does she respond to this? He can't. He has no good answers to the two main public accusations. Your relationship with Cambodia is so good and you turned a blind eye to the prince group's scams. The party system even gave Cher and the prince group so many honors. If you didn't raise them, who did? He's speechless. The US took the money and is showing off every day. She wants to suppress the news and take the loss quietly, but the US is forcing him to take the loss publicly. This is putting she under immense pressure. He had to swallow his teeth and now he's being mocked by the common folks. This is simply unbearable. Now for the third point, she is done holding back. Will the public release of this investigation report achieve she's desired effect? Looking at the report, it is indeed very specialized and it's trying to emphasize two things to relieve pressure on sheep. The US seizing the 127,000 bitcoins was not about fighting electric fraud or a scam group. The US stole the money first and built a case later. How did they steal it first? Public reports say the US government only started its investigation into Chunure and the Prince Group in 2023. This $15 billion was stolen during the pandemic back in 2020. The message the Chinese report wants to convey is the US grabbed the money first, then slapped a criminal charge on the guys and launched an investigation. The implication is that Chunure and the Prince group might not be that bad. Maybe they aren't a scam group at all. It's the US that has impure motives. They weren't trying to solve a fraud case. They were just trying to rob the money. That's the first message report hopes to deliver. The US has impure motives. It's the pot calling the cattle black. Chung might be against, but the US is also acting like one. It's a case of black-on-black crime. And the conclusion from these two points is the US stole the money first and filed the case second. The US used against gangster methods to execute a black-on-black crime. Therefore, I president she was not silently outsmarted and my cook the duck was not stolen by the US. The US stored fair and square. But will these two explanations change how Chinese nizens are discussing the incident? Will they address the Chinese nizens primary concerns? Concern one, why was the world's largest scam group a frequent guest at a party commendation events receiving all sorts of honor? Why was the party supporting the world's biggest scam organization? Does the CCP report explain this? Nope. Concern too. Can the reporter soothes the mockery and the dissatisfaction of the Chinese public? People they controlled wells they controlled were snatched away right before their eyes by the US. The CCP is a competent. Can the report explain this doubt? Still no. What's even more embarrassing for the CCP is that now it's not just the US doing the seizing. Singapore is starting to seize some of the remaining Prince Group assets there. Taiwan is starting to seize assets in Taiwan and these seizures are worth the billions. Hong Kong is also starting to seize what's left though there are only scraps there. If China wants to cry that the US is robbing the money, then what do they say about Hong Kong, Taiwan, and Singapore doing the same thing? They are seizing the assets because Cher is a criminal organization and the assets deserved to be confiscated. So I believe the Chinese authorities endured the embar embarrassment for over two months being mocked worldwide. She finally couldn't take it and ordered this report to be released. It will not solve any problems. On the contrary, it will likely lead to even greater ridicule. It might even enlighten some of the positive energy little pinks who didn't quite understand how the US did the robbing. Now, she has publicly shown them how the negative fallout from this incident for the CCP and she is something they will just have to keep swallowing. They have no information to offer the Chinese public, especially the positive energy netizens that would bring them pride or satisfaction. They got this whole thing wrong from the start to finish. And in the end, they just stood by and watched the US walk away with an absolute windfall. What is the significance of the money seized from Chur and the prince group? To give you a quantified idea, it's roughly the cost of two Fuian class aircraft carriers, the ones Xi Jinping is so keen on launching these days. According to current official Chinese figures, the cost of the Fujian aircraft carrier is 50 billion yen, which is approximately 7 billion US. So the Bitcoin seized by the US is worth about two Fujian class carriers. She is struting around going to Hain Nan to preside over the launch of the Fujian carrier only to have the US undercut him by two on the other side of the world. So she's suppressed rage and silent fury will probably fester for a while longer. It is a truly dramatic political event. Thank you so much for watching. If you find this video helpful, please like it, drop a comment below, and hit the subscribe button right here. It really helps YouTube suggest my video to others. I'll be back with more content soon. Until then, be