China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion

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China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion

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China's National Computer Virus Emergency Response Center (CVERC) accuses the United States of stealing about 127,426 Bitcoin from the LuBian mining pool in a 2020 hack, which it calls a "state-level operation" allegedly orchestrated by U.S. intelligence. The U.S. Department of Justice says the action followed standard legal procedures and has filed forfeiture actions, claiming the seized bitcoin represents criminal proceeds. The article says the coins, valued at about $3.5 billion when taken, were worth roughly $13.3 billion at the time of reporting, and it ties the case to Chen Zhi, chairman of Cambodia's Prince Group, who faces U.S. charges for alleged crypto fraud.

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