Bitcoin On-Chain Move: 15,965 BTC Linked to Prince Group Leader Chen Zhi Shifts After Three-Year Gap (Not Part of Last Week’s 127,000 BTC Seizure)
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COINOTAG News, citing Bitcoin News, reported on October 22 that 15,965 bitcoins linked to a sanctioned wallet were moved today and remain under the control of Chen Zhi, the head of the Prince Group. This marks the first on-chain transfer in three years, underscoring ongoing activity within a sanctioned cluster.
This tranche does not align with the 127,000 BTC the United States cited as seized from the group’s operations last week, according to official disclosures.
From a market integrity perspective, the development reinforces the need for robust regulatory vigilance and transparent on-chain tracking, as meaningful bitcoin movements continue to shape risk assessment in crypto markets.