The U.S. government is set to secure approximately 127,271 bitcoins, valued at around $14.2 billion, as part of its new Strategic Bitcoin Reserve. This move follows a significant operation in collaboration with UK authorities, where these bitcoins were seized from a major crypto fraud scheme led by Chen Zhi, a Chinese national linked to the Cambodia-based Prince. This development not only highlights the government's proactive stance on cryptocurrency regulation but also underscores the ongoing efforts to combat financial fraud in the digital space.

The US government is set to seize 127,271 Bitcoin, valued at approximately $14.2 billion, linked to a scam run by Chinese national Chen Zhi. This move is significant as it not only aims to recover funds from fraudulent activities but also plans to bolster the U.S. Strategic Bitcoin Reserve, aligning with recent executive orders. This action highlights the government's commitment to combating cryptocurrency-related scams and enhancing its digital asset strategy.