China Accuses U.S. of Stealing Bitcoin Amid Crypto Adoption Surge
- China’s CVERC claims the U.S. government hacked the LuBian mining pool, stealing 127,272 BTC.
- The stolen funds reportedly belong to Chen Zhi, Chairman of Cambodia’s Prince Group.
- The U.S. Department of Justice previously filed a forfeiture order for 127,271 BTC seized from Zhi related to a scam.
- Both the U.S. and China are leading in government-held Bitcoin, with the U.S. holding 326,588 BTC and China holding 190,000 BTC.
- The U.S. plans to create a strategic Bitcoin reserve supported by current holdings.
The accusations come as nation-states increasingly adopt cryptocurrency, with significant holdings by both the U.S. and China indicating a competitive landscape for crypto dominance.
As tensions rise over these claims, the focus remains on how the U.S.’s control over 127,272 BTC will impact its standing in global crypto markets.
