According to Beijing, Washington orchestrated a massive hacking operation against a Chinese mining pool.

The value today exceeds US$13 billion.

The details are astonishing!

1️⃣ One of the biggest Bitcoin thefts in history

The target was LuBian, once one of the world's largest mining operations.

According to the Chinese cybersecurity agency, 127,272 BTC were stolen in December 2020 in an attack allegedly orchestrated by American state-sponsored hackers.

2️⃣ Bitcoin Movement Reveals the Alleged Profile of the Hacker

China claims that the BTCs remained stagnant for a long time and only began to move discreetly, without rapid liquidations or traces of resale.

For Beijing, this behavior is typical of covert government operations, not common criminals.

3️⃣ US says assets were confiscated from a Cambodian businessman

Last month, the Department of Justice announced the largest crypto seizure in history: exactly 127,271 Bitcoins.

They are allegedly linked to Chen Zhi of the Prince Group, accused of fraud and money laundering in NY.

4️⃣ According to the US, Chen laundered money using crypto mining

The indictment states that Chen and his associates used illicit funds to finance large-scale operations — including LuBian itself.

Prosecutors claim that LuBian's wallets received crypto from external sources, unrelated to mining.

5️⃣ But China claims the US stole these assets — and only then fabricated a narrative.

The Chinese report states that Washington hacked the wallets in 2020, then used Chen's evidence as retroactive justification to confiscate the Bitcoins.

The description: “bandit against bandit”.

6️⃣ Tensions Go Beyond Crypto

Beijing has escalated its rhetoric against the US over alleged cyberattacks.

Among the most recent accusations:

– attack on Microsoft Exchange servers – espionage against China's weather services center – surveillance of private companies

7️⃣ Chen is free — and trying to reverse the confiscation

His lawyers have asked the American court for more time to trace the Bitcoins and prove that the seizure was improper.

They describe the accusation as "seriously mistaken" and state that they are gathering experts to contest the case.