Onchain data ties Chen Zhi to $1.83B Bitcoin transfer amid U.S. DOJ probe

According to Onchain Lens, an on-chain analysis firm, a wallet associated with Chen Zhi, a billionaire and leader of the multi-billion-dollar Prince Group, as well as a global fraudster, has moved a large amount of ￰0￱ has moved 15,959 Bitcoins worth $1.83 billion and sent them to 4 different ￰1￱ wallets are on the move again, they transferred 15,959 $BTC worth $1.83B to 4 different wallets · 4.999K $BTC worth $539.76M to bc1qs8 · 4.999K $BTC worth $539.76M to 3JX2dH · 3.424K $BTC worth $369.7M to 1cpnxU · 2.535K $BTC worth $274.36M to 1G9FZS… ￰2￱ — Onchain Lens (@OnchainLens) October 22, 2025 Arkham data shows that the outflows were broken ￰3￱ tranches of 4,999 BTC worth $539.8 million each were sent to two different ￰4￱ were followed by 3,424 BTC, worth $369.7 million, and 2,535 BTC, worth $274.4 million, to two other different ￰5￱ movements connect Chen Zhi to LuBian’s hack According to Arkhama intelligence, the Bitcoin wallet, which had been dormant for more than three years, was awakened last ￰6￱ per on-chain data, it transferred nearly $1.3 billion worth of ￰7￱ and Arkham Intelligence, two blockchain analytics companies, followed the transfer of 9,757 BTC, or about $1.1 billion, to many new ￰8￱ entire amount reached 11,886 BTC, which is currently valued at over $1.3 billion, after an extra 2,129 BTC, worth about $238 million, was deposited a few hours ￰9￱ happened just 24 hours after the US Department of Justice (DOJ) announced one of the largest crypto forfeiture cases in history, to which the firm was allegedly ￰10￱ sparked curiosity about whether the move was a precautionary reaction to the DOJ’s crackdown or a long-planned ￰11￱ DOJ’s complaint seeks to forfeit around $14.4 billion in Bitcoin, allegedly tied to schemes run by the group’s founder, Chen ￰12￱ reported by ￰13￱ filings revealed that Zhi and his associates laundered illegal proceeds through large-scale mining operations, including Warp Data in Laos, its Texas-based subsidiary, and LuBian in China, which ranked as the sixth-largest Bitcoin mining pool in 2020.

Meanwhile, Arkham Intelligence had already stated that LuBian had been hacked for 127,426 BTC in 2020, which was valued at roughly $3.5 billion at the time. Arkham’s report from September said that 11,886 BTC had been shifted to recovery ￰14￱ is the same amount that became active last ￰15￱ Chartered expects Bitcoin to slide below $100k With hackers and the government potentially looking to sell, it is uncertain what the aftermath will look like for ￰16￱ Monday’s 3.5% pump, Bitcoin is now facing technical pressure, having fallen from $114,000 to the $107,000-$108,000 support ￰17￱ a result of the reversal, investors are waiting for direction clues in the US Consumer Price Index data due out on October ￰18￱ consensus is that inflation will climb by 3.1%, but investors are worried that another upside surprise could shake up risk markets after six months of rising inflation ￰19￱ Bitcoin chart reveals that the asset is testing support around $112,000.

If support holds, the predicted path suggests that it might bounce back to $117,000. Meanwhile, the kingcoin is trading at $108.390. It has seen a 4% decline in the last 24 ￰20￱ to Standard Chartered, Bitcoin’s slide below $100,000 “seems inevitable” by this ￰21￱ Kendrick stated that the decline could be short-lived and present a buying ￰22￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.