Derived from Cointribune, China has accused U.S. intelligence agencies of stealing 127,272 BTC from LuBian, a Chinese mining pool, in a 2020 hack. The funds, now linked to the U.S. Department of Justice, are valued at over $14 billion. The Chinese National Computer Virus Emergency Response Center (CVERC) claims the hack exploited a cryptographic flaw in LuBian’s security system, allowing unauthorized access to private keys. The stolen bitcoins remained dormant for nearly five years before being transferred to DOJ-linked addresses, raising questions about transparency and legal legitimacy. The case, revealed in August 2024 by Arkham Intelligence, has re-emerged amid growing geopolitical tensions and could impact global crypto regulation.
China Accuses US of Stealing 127,272 BTC from LuBian in 2020 Hack
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