Honestly, the violations in the crypto space are really getting out of control. Many offenders treat fines as operating costs; they pay the penalties and continue to operate as usual. Regulatory authorities simply can't keep up with fines alone. Not long ago, a leading platform was fined hundreds of millions of dollars but still continued normal operations. This shows that in the eyes of violators, fines are like protection fees—they don't hurt at all. To truly make them feel the pain, tougher measures are needed—confiscating illegal assets directly.

Having been in this circle for eight years, my judgment is clear: relying solely on fines cannot deter people at all. Especially in the crypto field, where capital flows quickly and is highly anonymous, violators can easily split their funds to dilute costs or quickly recoup losses through scams. Looking at the US Department of Justice's actions last year, they directly confiscated 127,000 units of mainstream crypto assets from a Cambodian group, worth over $15 billion at the time. That hit the core—if you're using crypto assets for scams or money laundering, we take everything, leaving you with nothing.

Some might say, "I control the private keys, what am I afraid of?" That mindset is outdated. Today's regulatory technology is no longer basic; it combines technical tracking with legal procedures. Private keys can't protect illegal gains anymore. In the same case, the investigation team used AI tracking systems to lock down all 76,000 related addresses. No matter how the funds are split or transferred, traces left by transaction fees and transfer times can be used to backtrack to the source. That’s real targeted enforcement.