🔍 Key Developments & News
The U.S. Department of Justice has seized over $BTC $14–15 billion in #bitcoin Bitcoin from Chen Zhi, who is accused of running a gigantic “pig butchering” crypto scam involving forced labor camps. AP News+1
The UK is proposing a compensation scheme for victims of a large-scale Chinese #btc70k bitcoin fraud case. Financial Times
The crypto market just underwent one of its biggest single-day drops ever, with ~$$19 billion in liquidations triggered by the U.S. announcing 100% tariffs on Chinese tech exports. The Economic Times+2The Times of India+2
Meanwhile, two MIT-educated brothers are on trial in the U.S. for allegedly executing a $25 million crypto heist in ~12 seconds on #Ethereum . Business Insider
On the regulatory front, in Australia, new powers are being pushed to curb misuse of crypto ATMs as part of broader oversight measures. The Guardian
On crypto media & markets: Binance has finalized its acquisition of Gopax after a regulatory delay, and BitMine has deployed $BTC 417 million into an Ether vault.