November 14, 2025<\/p>\n\n\n\n
By Our Correspondent<\/p>\n\n\n\n
China has accused the U.S. government of orchestrating one of the largest cryptocurrency thefts in history\u2014an audacious cyberattack that allegedly siphoned 127,272 Bitcoin (BTC-USD), worth around $13 billion, from the LuBian mining pool in December 2020.<\/p>\n\n\n\n
Beijing\u2019s National Computer Virus Emergency Response Center claimed the operation bore the \u201challmarks of a state-level cyber offensive,\u201d pointing to the stolen assets\u2019 slow and covert movement as evidence of official coordination. The missing Bitcoin, according to Chinese investigators, was later linked to digital tokens seized by U.S. authorities.<\/p>\n\n\n\n
U.S. prosecutors have connected the seized assets to Chen Zhi, chairman of Cambodia\u2019s Prince Group, who was charged with wire fraud and money laundering in October. The Department of Justice has not disclosed how or when the Bitcoin was confiscated, though the case represents the largest digital asset forfeiture ever filed in Washington.<\/p>\n\n\n\n
Beijing has portrayed the episode as \u201cdigital espionage disguised as law enforcement.\u201d In response, Chen\u2019s defense attorney, Matthew L. Schwartz of Boies Schiller Flexner, called the allegations \u201cgravely false,\u201d adding that his team is working with blockchain forensics experts to trace whether the confiscated Bitcoin can indeed be linked to the LuBian theft. Chen remains outside U.S. custody.<\/p>\n\n\n\n
The accusation adds fuel to a widening cyber rivalry between the two powers. China has repeatedly accused the United States this year of digital intrusions, including breaches targeting the National Time Service Center and Microsoft Exchange servers.<\/p>\n\n\n\n
Washington has yet to respond to the latest claims. For investors, the standoff underscores growing risks at the intersection of geopolitics, regulation, and digital assets\u2014where cyber conflict between the world\u2019s two largest economies could deepen volatility and uncertainty across global markets.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
November 14, 2025 By Our Correspondent China has accused the U.S. government of orchestrating one of the largest cryptocurrency thefts in history\u2014an audacious cyberattack that allegedly siphoned 127,272 Bitcoin (BTC-USD), worth around $13 billion, from the LuBian mining pool in December 2020. Beijing\u2019s National Computer Virus Emergency Response Center claimed the operation bore the \u201challmarks […]<\/p>\n","protected":false},"author":4,"featured_media":9240,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized"},"yoast_head":"\n