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, born in Fujian in 1987, initially ran small businesses and internet cafes. In 2011, he moved to Cambodia and seized the opportunity of Chinese capital flowing southward, rapidly achieving success.
In 2015, the Taizi Group Holdings was established, with real estate development as its core business. The projects were located in Phnom Penh and Sihanoukville, etc., promoting the urbanization process in the region and accumulating a large amount of wealth.
Subsequently, he ventured into the financial industry and founded Taizi Bank in 2018, becoming one of the most influential Chinese business tycoons in Cambodia.
Chen Zhi holds dual nationality of the UK and Cambodia. He served as an advisor to Hun Sen and Hun Manne, and was awarded the title of "Duke". In Cambodia, he is a figure with unparalleled influence.
In most cases where incidents occur, there is usually political protection involved.
Why could the Americans steal his bitcoins? Chen Zhi had already owned his own Bitcoin mining farm - LuBian mining pool - before 2020. It was a rapidly rising Bitcoin mining pool with its main operation bases in China and Iran. However, in December 2020, this mining pool was attacked by hackers. When Chen boss woke up, he found that the 127,000 bitcoins originally in his wallet had been transferred. At that time, it was worth approximately 3.5 billion US dollars, and now it's worth 15 billion US dollars. As is well known, having the private key means having the Bitcoin. The private key is generated randomly in binary form with 256 digits. But the technical team behind Chen's mining pool might have been lazy. They only used 32-digit random generation to reduce the difficulty from 2 to the power of 256 to 2 to the power of 32. Let's do a simple explanation. To normally crack a Bitcoin private key is like looking for a needle in a haystack. It might even be more difficult than that. Cracking a 32-digit one is like looking for a needle in a swimming pool. The funny thing is, maybe after the incident happened, Chen and his technicians didn't know it was done by the Americans. They kept sending messages on the Bitcoin network to request the return and promised rewards. Just sending these messages cost them another 2 bitcoins. The United States got all of this in 2020. It wasn't until recently that it was made public. The topic behind this is very intriguing.