{"id":5425,"date":"2025-11-11T23:20:11","date_gmt":"2025-11-11T23:20:11","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/11\/11\/china-accuses-u-s-of-stealing-127426-bitcoin-worth-13-billion\/"},"modified":"2025-11-11T23:20:11","modified_gmt":"2025-11-11T23:20:11","slug":"china-accuses-u-s-of-stealing-127426-bitcoin-worth-13-billion","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/11\/11\/china-accuses-u-s-of-stealing-127426-bitcoin-worth-13-billion\/","title":{"rendered":"China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion<\/a><\/p>\n

<\/div>\n

China has accused the United States of stealing 127,000 Bitcoin (BTC), worth over $13 billion. The claim centers on the 2020 hack of the LuBian mining pool.\u00a0<\/p>\n

At the time, roughly 127,426 BTC were taken from the pool\u2019s hot wallet, valued at around $3.5 billion.<\/p>\n

Beijing\u2019s National Computer Virus Emergency Response Center (CVERC) said the theft was not the work of outside hackers. Instead, the agency called<\/a> it a \u201cstate-level operation\u201d allegedly orchestrated by U.S. intelligence.\u00a0<\/p>\n

The seized Bitcoin now sits at roughly $13.3 billion. The U.S. Department of Justice said<\/a> the action followed standard legal procedures. Still, China called the move a \u201cstate-level cyber theft.\u201d Analysts say the dispute has turned a legal matter into a major geopolitical standoff.<\/p>\n

When Bitcoin hit an all-time high of above<\/a> $126,000 on October 6, 2025, the seized bitcoin would have been worth over $16 billion.<\/p>\n

Bitcoin\u2019s price has been volatile recently. The cryptocurrency traded near $103,474, down 1.8% in 24 hours. It reached an intraday high of $107,355 and a low of $104,251, according to Bitcoin Magazine Pro data.\u00a0<\/p>\n

The contested stash represents about 0.65% of total Bitcoin supply. That could tighten circulating liquidity, potentially boosting long-term valuations. Yet, institutional demand remains steady. Bitcoin ETFs continue to show inflows, signaling confidence among large investors.<\/p>\n

CoinDesk reporting<\/a> helped with this article. <\/p>\n

LuBian Bitcoin hack<\/h2>\n

The LuBian hack occurred<\/a> in December 2020. Hackers drained the pool of more than 127,000 BTC in under two hours.\u00a0<\/p>\n

Blockchain forensics suggest the breach stemmed<\/a> from weak private key generation, not a typical external hack. Analysts have also noted a \u201cdormancy phase\u201d in which the coins remained untouched for nearly four years.<\/p>\n

In 2024, the Bitcoin was moved to new wallets, later identified by tracking firms as controlled by the U.S. government. Beijing sees<\/a> this as proof of a coordinated, state-level operation. <\/p>\n

The U.S. frames it as part of an anti-fraud crackdown, connected<\/a> to Chen Zhi, chairman of Cambodia\u2019s Prince Group, who faces U.S. charges for alleged crypto fraud.<\/p>\n

On-chain analysis shows the coins had remained inactive for years before being consolidated into wallets now identified as controlled by the U.S. government.\u00a0<\/p>\n

Technical reports, including<\/a> CVE-2023-39910, indicate that weak random number generation made these wallets vulnerable to brute-force attacks.<\/p>\n

The U.S. Department of Justice has since filed forfeiture actions, claiming the seized bitcoin represents criminal proceeds.<\/p>\n

This post China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion China has accused the United States of stealing 127,000 Bitcoin (BTC), worth over $13 billion. The claim centers on the 2020 hack of the LuBian mining pool.\u00a0 At the time, roughly 127,426 BTC were taken from the pool\u2019s hot wallet, valued at around […]<\/p>\n","protected":false},"author":0,"featured_media":5426,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5425"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5426"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}