[Mastermind of Prince Group Crime Transfers 15,965 BTC, Not Part of U.S.-Seized Assets]
15,965 bitcoins associated with a sanctioned wallet have been moved on-chain for the first time in three years. The wallet is still controlled by Prince Group mastermind Chen Zhi. Reportedly, these bitcoins belong to the 'LuBian Pool Wallet.' It is important to emphasize that these assets are not part of the 127,000 bitcoins seized by the U.S. last week. This incident has sparked market concerns about the flow of funds within the Prince Group and highlighted the challenges faced by regulators in tracking sanctioned assets.