China Accuses U.S. of $13 Billion Bitcoin Seizure as “State-Level Cyber Theft”
China’s cybersecurity authority has publicly accused the United States of orchestrating a state-level cyber theft involving about 127,000 Bitcoin. Currently valued at around $13 billion.
The coins in question trace back to a December 2020 hack of the LuBian mining pool, which China claims was handled covertly by U.S. agencies. Alleging the seizure was more than law-enforcement action and constituted government-led theft.
According to the report, the stolen Bitcoin remained dormant for nearly four years before being quietly transferred to wallets later linked to U.S. authorities. While the U.S. maintains the seizure was a legitimate criminal-asset confiscation tied to a major fraud case. China views the move as aggressive digital-asset appropriation and a sign of rising geopolitical tensions in cryptocurrency governance.
Market observers say this dispute adds a new dimension to the global crypto landscape: beyond price moves. Digital-asset flows are now entangled with national security, regulatory leverage and diplomatic conflict. The controversy could impact institutional sentiment. Delay asset-service innovations and increase demands for clearer cross-border crypto policy frameworks.
Clever Robot News Desk 13th November 2025
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