todayonchain.com

Bitcoin News: China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

CoinDesk
China's CVERC accused the U.S. government of seizing 127,000 BTC stolen in a 2020 hack, suggesting U.S. involvement with the original state-level attackers.

Summary

China’s National Computer Virus Emergency Response Center (CVERC) released a report accusing the U.S. Department of Justice of participating in a major cryptocurrency heist involving 127,000 bitcoin, currently valued around $13 billion. CVERC claims these funds were stolen in a 2020 hack targeting the LuBian mining pool, which were later linked to Chen Zhi of Cambodia’s Prince Group. The Chinese agency suggests the hack was executed by a “state-level hacking organization” and that the U.S. seizure, which occurred after the funds were quietly moved in mid-2024 and tagged to the U.S. government by Arkham, was the final step in a long operation involving the original thieves. This directly challenges the U.S. narrative that the seizure was a legitimate law enforcement action against criminal proceeds.

(Source:CoinDesk)