Recently, the Times of Malta wrote a puff piece about a Chinese national who bought Maltese citizenship and is going to space. Enthusiastically, the Times of Malta described him as the first Maltese citizen that went to space: this is totally misleading because the individual, although having bought a Maltese passport through Golden Passport Scheme, has no relationship whatsoever to Malta.
This is a rich individual who is using Maltese citizenship to gain some media coverage for his fun and little adventures. What should be covered about him are his potential ties to the Russian and Chinese authorities and his current activities in Russia. He was actually a first-generation bitcoin miner and is known in the bitcoin community. His bitcoin mining operations started in China but were then moved to Russia.
Chun Wang, who is suspected of being a Russian and Chinese intelligence asset, currently runs one of the world’s biggest bitcoin mining pools in Russia. This operation, which includes transaction volume that runs up to billions of US Dollars on a daily basis, can provide resourceful Russians with a 24/7 direct access to US Dollars: an exceptionally convenient operation for a country that is sanctioned and at at war. Of course, this is not the only way that Russians could have access to US Dollars, and it is just one of many.
Here’s a list of stories about Chun Wang to put things into perspective.
BoringSleuth, one of the best crypto sleuths out there, revealed that an address owned by Chun Wang sent funds to the “Blockchain Bandit”, a hacker known to have connections with Lazarus (the North Korean hackers) and Russian-affiliated accounts.
Another crypto sleuth and whistleblower, with the name “Bai Yun”, published evidence that the Plus Token scammers sent money to an address owned by Chun Wang. I also personally verified the evidence. Bai Yun has extensive evidence that has not been collected from public sources.
The same address owned by Chun Wang that received money by the Plus Token scammers, also sent money to Wang Dongfeng, a suspected serial money-laundering criminal who is under investigation by different authorities. I also verified the evidence.
There is plenty of evidence out there showing his addresses being connected with the Lazarus Group, apart from the extensive money-laundering with the Tornado Cash protocol.
There is also plenty of evidence that Chun Wang runs one of the largest bitcoin mining pools in the world from Russia, but he has also deleted some articles about the topic. His mining pool in Russia used to be called the f2p mining pool.
Chun Wang asked me to delete my articles about him, but he never explained his onchain transactions.
Hopefully, this puts things into better perspective, as opposed to the puff piece in the Times of Malta.
Website Editor
Historian and Publisher
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