Recently, a list of bitcoin holdings of various governments circulated on the Internet mentioned that the Chinese government is suspected of holding 194,000 bitcoins from the PlusToken case. However, after in-depth investigation, this statement has been confirmed to be untrue. According to many OTC (over-the-counter) industry insiders, this batch of bitcoins has been sold in large quantities in the price range from late 2019 to mid-2020 (approximately US$7,000 to US$12,000 per coin). The statement in the relevant legal judgment documents that "the funds and proceeds obtained shall be confiscated according to law and turned over to the state treasury" also indirectly confirms the fact that these bitcoins have long been changed hands. The on-chain data clearly shows that the vast majority of bitcoins have completed transactions through the well-known trading platform Huobi.
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