China Accuses US of Seizing $13B in Bitcoin

[madmax]

China has accused the United States of secretly taking 127,000 BTC recovered from the 2020 LuBian mining pool hack, claiming it was a state-backed cyber operation.
The US denied the allegations, stating the Bitcoin was lawfully seized as part of a fraud case against Cambodian businessman Chen Zhi, unrelated to LuBian. The dispute raises fresh questions about digital asset sovereignty.

[alex10]

$13B in BTC isn’t a small dispute — it’s a geopolitical flashpoint.

[Abdul Khan]

Crypto is becoming the new arena for US-China tension. The scale keeps growing.