China Accuses US Of $13 Billion Bitcoin ‘State-Backed Crypto Heist’
China has accused the U.S. of taking $13 billion in Bitcoin (CRYPTO: BTC) linked to a 2020 hack, escalating a cross-border dispute that Washington says is simply a lawful seizure of criminal proceeds.
China’s Watchdog Links U.S. To 2020 Bitcoin Hack
China’s National Computer Virus Emergency Response Center (CVERC) alleged that the U.S. Department of Justice seized 127,000 Bitcoin originally stolen in a 2020 cyberattack on the LuBian mining pool.
The agency described the incident as a “state-backed crypto heist,” claiming it was carried out by a “state-level hacking organization.”
The Global Times, a state-run publication, reports that CVERC traced the digital trail of the 2020 hack and alleged that the seized assets were tied to Chen Zhi, chairman of Cambodia’s Prince Group, who faces a U.S. indictment for a large-scale fraud scheme.
The …
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