US Accused of State-Level Crypto Heist
Update: 2025-11-12
Description
On November twelfth, a significant cryptocurrency heist unfolded, involving over one hundred twenty-seven thousand Bitcoin tokens stolen from the LuBian mining pool. Chinese officials now accuse the US of a state-level hacking operation, linking the stolen Bitcoin to funds confiscated by the US government, allegedly connected to Chen Zhi, chairman of the Prince Group. The US claims these funds are tied to wire fraud and money laundering charges. The Chinese government suspects government involvement due to the delayed movement of these funds. The US government filed a civil forfeiture complaint to seize the Bitcoin, marking the largest forfeiture action ever by the US government. This incident is part of a broader trend of Chinese accusations against the US of hacking campaigns.
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