China Accuses US of $13 Billion Bitcoin Theft
- China’s cybersecurity agency claims the US orchestrated a theft of approximately $13 billion in Bitcoin from the LuBian mining pool.
- The incident involved the theft of 127,272 BTC in December 2020, marking one of the largest crypto heists.
- Chinese authorities suggest the hack was a state-level operation, with stolen Bitcoin linked to Chen Zhi and Prince Group.
- The US Department of Justice has seized these tokens but has not disclosed how they were obtained.
- Chen Zhi is accused by the US of wire-fraud conspiracy and money laundering.
Tensions between China and the US have escalated following accusations that the American government conducted a large-scale Bitcoin theft from a Chinese mining pool, linking it to criminal activities involving Chen Zhi. The Chinese government continues to assert that such cyber operations are part of a broader pattern of hacking activities allegedly carried out by the US.
This incident highlights ongoing cyber tensions between China and the US, with significant implications for international relations in digital finance sectors. (Source)
