The incident involving Chen Zhi, chairman of the Southeast Asia Prince Group, and the investigation of 120,000 BTC has two voices in the market.

The first voice believes: The idea of decentralized cryptocurrency is a misnomer. Mnemonic phrases can actually be cracked through certain means, as the generation of mnemonic phrases is not entirely based on 'randomness' but follows certain patterns. Once Satoshi Nakamoto's address is cracked, it marks the end of this financial feast.

The second voice believes: The 'permanence' and 'traceability' of on-chain records are at the core of blockchain technology reform. Any criminal record will be permanently recorded... The freezing of 120,000 BTC by U.S. judicial authorities is simply because the wallet used by Chen Zhi violated the 'randomness' in the mechanism of generating mnemonic phrases. The issue lies with the wallet, not with the mnemonic phrases themselves.

Personally, I believe: The core logic behind BTC when creating mnemonic phrases/private keys is 'randomness'! If randomness is overlooked, there will inevitably be patterns. It's like your bank card password—each person's created password is not random but based on personal preferences, such as birthdays, lucky numbers, ID numbers, etc., so there will definitely be correlations. As long as there is correlation, it won't be difficult to crack... The wallet used by Chen Zhi follows a certain pattern in generating mnemonic phrases, so I believe the issue lies with the wallet mechanism, not with the cryptocurrency mechanism itself.