China Accuses US of Orchestrating $13 Billion Bitcoin Hack
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Why it matters
China's National Computer Virus Emergency Response Center accuses the US of orchestrating a $13 billion Bitcoin hack in 2020, citing government-level action and delayed movement of the stolen tokens.
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Expected market reaction
Market impact analysis based on bearish sentiment with 64% confidence.
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Evidence
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- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 9636
Original source
The theft of the 127,272 Bitcoin tokens from the LuBian Bitcoin mining pool that took place in December 2020 ranks as one of the largest crypto heists in history. The hack is likely a “state-level hacker operation” led by the US, according to the Chinese National Computer Virus Emergency Response Center, which said the quiet and delayed movement of the stolen Bitcoin suggests a government-level action rather than typical criminal behavior. The report, published last week, links the stolen Bitcoin from LuBian, once one of the largest Bitcoin mining operations in the world, with tokens that were confiscated by the US government, which the US said are associated with Chen Zhi, the chairman of Cambodian conglomerate Prince Group.
Read the full article on Yahoo Finance
Original article published by Yahoo Finance on November 12, 2025. Analysis and insights provided by AnalystMarkets AI.