Bitcoin, Ethereum, and other crypto worth $6 billion are held by the Chinese government.
The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector.
Young Ju claims that China has seized $6 billion worth of crypto from the PlusToken scam in 2019, including 194,000 Bitcoin ($3.9 billion), 833,000 Ethereum ($1.2 billion), and many other undisclosed digital assets.
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