Chen Zhi's Legal Team Challenges U.S. Bitcoin Seizure

Lawyers representing Chen Zhi have submitted a motion in a U.S. federal court in New York to contest the U.S. government's confiscation of Bitcoin associated with him. According to NS3.AI, the legal filing contends that prosecutors have insufficient evidence to support their claims that Chen Zhi managed a fraudulent operation, relying solely on broad descriptions of activities in Cambodia. The case was launched by the U.S. Department of Justice in October of the previous year.