2026-01-06 05:25:51

According to multiple media reports, over 600,000 Bitcoin controlled by the Venezuelan government face the risk of being frozen. This asset currently has a market value of billions of dollars. Based on past strategies, Venezuela has attempted an indirect exchange route of "oil → stablecoin → Bitcoin"—by converting oil revenues into USDT first, then investing in Bitcoin to circumvent international sanctions. However, if the U.S. government initiates asset freezing procedures, these accumulated Bitcoin reserves could be directly seized.

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SelfStaking

· 01-08 06:21

600,000 Bitcoins directly confiscated? If that really happens, the crypto world will explode, liquidity will vanish instantly --- The USDT trick has been seen through for a long time. Now they’re just going for the hard approach? Interesting --- Venezuela’s move is basically putting all chips on one basket. It’s too late to regret now --- If it’s truly frozen, this will be the biggest political confiscation event in history, more shocking than anything else --- Want to circumvent sanctions? How come no one thought that the US can freeze on-chain assets too? That’s so naive

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ApyWhisperer

· 01-06 05:50

600,000 coins, let's talk? If they really get frozen, how hard must it be for Venezuela? Exchanging oil for USDT and then for BTC—this idea is brilliant, but in the end, you still can't escape. Once the US intervenes, can on-chain assets still be protected... this is outrageous. Is Bitcoin's decentralization a lie? In critical moments, it still depends on political power. Billions of dollars just gone like that, it's too surreal. Feels like the "hedging" property of cryptocurrencies is becoming more and more like a joke. This situation, sometimes reality is more outrageous than the script.

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ImpermanentPhilosopher

· 01-06 05:39

This move is really playing with fire. On-chain assets, no matter how hidden, can't escape the grip of geopolitical politics. Is a RMB stablecoin a safer option? At least it's not on the US chessboard. Venezuela's recent situation is a bit unfair. Trading oil for BTC still couldn't escape the fate of sanctions. The US freezing assets is a warning bell for all large holders. Bitcoin decentralization is a joke; at critical moments, it still depends on political favor.

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RamenDeFiSurvivor

· 01-06 05:32

600,000 Bitcoins are gone? Now it's truly "decentralized," haha --- Even if everything is on the chain, you can't escape; it still depends on Uncle Sam's mood --- Venezuela's move this time was really naive, thinking stablecoins could save them --- It's the same old story of sanctions + asset freezes; BTC has really become a political pawn --- Billions of dollars just disappeared; how desperate must that be? --- Exchange oil for USDT and then for Bitcoin, but still couldn't escape the trap --- So, diversifying risk is really important; going all-in on one country is too dangerous

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