Beijing's claims intensify as digital asset disputes underscore rising geopolitical tensions with Washington.
China has accused the US of stealing 127,000 Bitcoin from a Chinese mining pool during a 2020 cyber attack. The allegation targets LuBian, a once-prominent Chinese mining pool that suffered the major theft.
According to Global Times, China’s National Computer Virus Emergency Response Center (CVERC), the country’s cybersecurity agency, claims the theft involved a state-level hacking group, suggesting the US seizure was part of the same operation.
The Bitcoin stolen from LuBian was worth approximately $127 million at 2020 prices, but would be valued at over $13 billion at current market rates.
Blockchain analytics firm Arkham Intelligence recently exposed details of the hack, linking it to ongoing asset movements. The accusation emerges amid broader US actions against alleged crypto scam networks, heightening international disputes over digital asset control.
The allegations represent an escalation in geopolitical tensions over cryptocurrency enforcement and cross-border asset seizures between the two nations.
