China's National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of seizing 127,000 Bitcoins, valued at approximately $13 billion, which were stolen in a 2020 hack of the LuBian mining pool. The hack was reportedly executed by a 'state-level hacking organization,' and the U.S. seizure is believed to be part of a broader operation involving the same group.
The stolen Bitcoins were linked to Chen Zhi, chairman of Cambodia’s Prince Group, who is under U.S. indictment for a large-scale crypto fraud scheme. These coins remained dormant for nearly four years before being moved to new wallets in mid-2024. On October 14, 2025, the U.S. Department of Justice charged Zhi and announced the seizure of the Bitcoins, which correspond to those stolen from LuBian. Blockchain analysis firm Arkham identified the wallets as belonging to the U.S. government, with the seized Bitcoin representing about 38.9% of the U.S.'s total Bitcoin holdings.
China Accuses U.S. of Seizing $13 Billion in Stolen Bitcoin
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