China Accuses US Government of ‘State-Level Hack’ to Seize $13B in Bitcoin

• China’s CVERC has accused the US government of a “state-level hack” to seize 127,000 Bitcoin ($13B) stolen in 2020.
• China’s evidence is the 4-year dormancy of the coins, which it claims is atypical for criminals and points to a government operation.
• The US DOJ denies the allegations, stating the coins were a “lawful criminal proceeds seizure” tied to international crypto fraud.

China has accused the U.S. government of conducting a “state-level hack” to seize 127,000 Bitcoin, an amount valued at roughly $13 billion. The allegation, from China’s National Computer Virus Emergency Response Centre (CVERC), claims the assets were originally stolen from China’s LuBian mining pool on December 29, 2020.

China alleges ‘State-Level Hack,’ cites 4-year dormancy

The organization claims that the stolen funds remained dormant for nearly four years (from 2021 until mid-2024…

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