Chinese Watchdog Claims U.S. Seized $13.2B in Bitcoin
- The China National Computer Virus Emergency Response Center (CVERC) alleges the U.S. unlawfully seized 127,271 BTC from a mining pool hack.
- The Bitcoin was allegedly linked to Chen Zhi, a Cambodian businessman accused of running scams.
- These coins remained dormant for four years before being transferred to wallets controlled by the U.S.
- CVERC claims the assets originated from a hack on December 29, 2020, involving LuBian mining pool.
- TRM Labs confirmed that the Bitcoin came from unhosted wallets controlled by Chen as of that year.
A Chinese cybersecurity agency has accused the U.S. of seizing billions in Bitcoin linked to a mining pool hack rather than criminal activity tied to Chen Zhi’s alleged scams.
This dispute centers around whether the funds were hacked or criminal proceeds, with CVERC challenging the U.S.’s account and linking it to earlier blockchain movements and wallet control shifts. (Source)
