Why are China and the US clashing over seized Bitcoin?

[madmax]

The dispute stems from the US seizing 127,000 BTC (~$13B) linked to the 2020 LuBian hack, which China claims was part of a state-backed cyber operation. The US says the Bitcoin was seized legally in a fraud case. This clash highlights how Bitcoin can become a tool of geopolitical leverage, with countries disputing ownership and timing of assets.

[JanEmil]

The one holding the keys have the BTC

[The_Walking_Dead]

Possession is nine-tenths of the blockchain.

[Capybara_Capybara]

No keys, no cheese.

[Swipe]

Control follows custody — always has, always will.

[Revenant]

Keys decide sovereignty, not politics.

[EmTeam]

@Swipe sure