China Accuses U.S. Of Seizing 127,000 BTC In LuBian Hack Case

China’s cybersecurity agency has accused the U.S. government of taking part in a 127,000 BTC heist, escalating tensions between the two nations. The CVERC report claims the U.S. Department of Justice seized bitcoin stolen from the 2020 LuBian mining pool hack, worth $13 billion today.

Chinese media suggest the theft involved “state-level hacking tools.” Blockchain analysis firm Arkham later linked the wallets to the U.S. government.

The U.S. denies wrongdoing, calling the seizure a legitimate law enforcement action against criminal proceeds.

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