China Accuses US of Bitcoin Theft | Tensions Rise Amid Crypto Controversy
A growing rift between China and the US escalates as Beijing claims Washington stole 127,000 Bitcoin worth around $13 billion from a Chinese mining operation. This allegation ties back to a 2020 cyber breach that has now rattled geopolitical foundations.
The Allegations and Their Impact
China’s National Computer Virus Emergency Response Center published the shocking claim that the theft occurred during a December 2020 hack at China’s LuBian mining pool. The Bitcoin initially valued at approximately $3.5 billion remained untouched for over four years until activity resumed in mid-2024, leading to its tracing to US-linked wallets.
"This part is huge if true, in terms of scale and accusation," said a prominent commentator on forums.
US Reaction to the Claims
The US Department of Justice (DOJ) confirmed the seizure of the Bitcoin in October 2025, linking it to an ongoing case involving Cambodian businessman Chen Zhi. Zhi, accused of orchestrating a major crypto fraud scheme, has drawn skepticism from analysts due to his unusual attempts to recover the coins by contacting the alleged hackers for a ransom. The DOJ labeled its actions as lawful forfeiture, denying any involvement in the original theft.
User Sentiment and Observations
Opinions in user boards reflect diverse sentiments about the accusations:
Skepticism: Many believe the claims lack substantial evidence. "If there's proof, it should be clear by now," one user asserted.
Concern: Some find the implications alarming, citing unease over nations using underhanded tactics to amass cryptocurrency. "We're talking North Korea level stuff here," another commented.
Cynicism: Users find irony in China’s allegations given its reputation for digitally aggressive tactics.
Telling Facts in the Debate
△ The seized Bitcoin represents 39% of all BTC controlled by the US government.
▽ US officials assert the seizure is a legitimate action against criminal proceeds.
※ "This sets a dangerous precedent," declared another commenter, indicating a serious concern about international relations in the crypto realm.
Possible Future Developments
As these accusations linger, analysts predict an uptick in US-China crypto dynamics could lead to stricter regulations on cryptocurrency transactions in the US. With both powers poised to retaliate, the odds seem high that the crypto cold war has just begun.
In a digital age where cryptocurrencies challenge traditional financial structures, how will nations adapt to safeguard their interests?
The ongoing discourse underscores a fast-evolving landscape where not just wealth, but national power dynamics are at stake. Keep an eye on community forums and reliable news sources for the latest developments in this unfolding crypto saga.