Bitcoin News Today: Digital Sovereignty Clash: US-China Tensions Escalate Over $13B Bitcoin Seizure
- China's CVERC accuses U.S. government of orchestrating a $13B Bitcoin theft from 2020 LuBian mining pool hack. - U.S. denies claims, asserting 2025 seizure targeted criminal proceeds from Cambodian fraudster Chen Zhi's $2B scheme. - Dispute highlights geopolitical tensions over digital sovereignty, with 127,426 BTC (0.65% of total supply) now central to U.S.-China crypto rivalry. - CVERC demands enhanced blockchain security measures as seized assets represent largest U.S. crypto forfeiture in history. -
China’s cybersecurity authorities have accused the United States of carrying out a $13 billion
The controversy revolves around a cyberattack on LuBian in December 2020, which led to the theft of 127,426 BTC—worth $3.5 billion at the time, according to a
The U.S. Department of Justice (DOJ) has justified the seizure, stating the bitcoins were tied to Chen Zhi’s alleged $2 billion cryptocurrency fraud and were confiscated through a civil forfeiture action in October 2025, according to a
This dispute has reverberated throughout the cryptocurrency market, with Bitcoin hovering around $105,000 as investors assess the broader geopolitical fallout. Experts point out that about 0.65% of Bitcoin’s total supply—roughly 127,000 coins—is now entangled in the controversy, which could restrict liquidity and impact long-term price trends, according to an
CVERC has urged the adoption of stronger blockchain security protocols, such as layered defenses and real-time surveillance, to guard against future government-sponsored cyberattacks, according to a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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