CoinDesk reports that China’s National Computer Virus Emergency Response Center (CVERC) has released a report accusing the United States of involvement in the theft of 127,000 bitcoins — worth about $13 B — from the LuBian mining pool in 2020. According to CVERC, the cryptocurrency later came under the control of the U.S. Department of Justice.
The agency alleges that the hack was carried out using state-grade cyber tools and may have been part of a large-scale intelligence operation. The report links the stolen funds to Chinese businessman Chen Zhi, chairman of Cambodia’s Prince Group, who is facing U.S. charges over a massive crypto fraud scheme.
CVERC claims that the stolen bitcoins remained dormant for nearly four years until mid-2024, when they were transferred to new wallets. Analysts at Arkham later identified those wallet addresses as belonging to the U.S. government.
Chinese officials allege that U.S. authorities did not simply seize the assets but acted as participants in the same hacking group behind the original attack. U.S. officials, however, maintain that the funds were lawfully confiscated as part of a criminal investigation.
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