Chen Zhi Incident: The Cover of the Cryptocurrency Circle has Been Lifted

Recently, the industry has exploded, and what happened with Chen Zhi is more intense than any previous market crash.

The United States has directly named and prosecuted him, accusing him of operating a transnational fraud scheme, using cryptocurrency for money laundering and transferring stolen funds, and wants to confiscate more than 120,000 bitcoins worth over 10 billion dollars. The 'Masquerade Ball' of the crypto world has been torn apart.

Many people believe that anonymity on the blockchain ensures fund security, but this case tells you that if regulators really want to investigate, they can trace you back even if you jump through ten chains.

Blockchain is a public ledger, not a get-out-of-jail-free card. Chen Zhi's case has led to a joint crackdown by the United States, multiple Southeast Asian countries, exchanges, and on-chain analysis companies. Those who could escape did so early, and those who couldn't are all marked red.

Regulators are completely focused on the cryptocurrency asset money laundering chain. In the future, mixers, anonymous coins, and cross-chain bridges will be key targets for cleanup; risk control at exchanges must be redone, and all wallets linked to suspicious addresses will be shut down; investor psychology will change, and funds will be more willing to flow toward transparent and compliant projects, no longer recklessly chasing small coins; the whale trust system is under pressure, and once any project party is found to be dirty, the market will immediately sell off. The truly terrifying aspect of this matter is not Chen Zhi himself, but that it has made the entire cryptocurrency circle realize that the blockchain is not a safe haven, and anonymity is not a shield. Don’t fantasize that you can ignore regulation by 'mixing cleanly'; now even the Americans can follow the clues to shut down wallets, and this signal is very clear: the era of cryptocurrency compliance has completely arrived.

In the short term, the market will definitely experience volatility, and some funds will first withdraw to avoid risks;

but in the medium to long term, it is a good thing. With the bubbles cleared, risks exposed, and trust rebuilt, it will instead allow those who are truly working and compliant projects to catch their breath.

Just like the old saying in the cryptocurrency circle, when the tide goes out, you can tell who has been swimming naked.

This wave with Chen Zhi has lifted the entire surface; if you're also wondering how the cryptocurrency circle will change after this, which projects can still go far, feel free to chat in the comments section and see who’s understanding is online. $BTC #陈志 #美SEC推动加密创新监管 #加密市场回调 #美联储降息预期 #现货黄金创历史新高