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1h agoChina accuses US of a $13 billion Bitcoin ‘state-hack’, raising crypto market nerves

Chinese authorities claimed that the United States Department of Justice (US DoJ) had seized 127,000 units of Bitcoin (BTC) — worth over $13 billion — and described the action as a state-sponsored hack. The coins allegedly originated from the 2020 hack of the LuBian mining pool.
The dispute affects about 0.65% of Bitcoin’s supply and has heightened concerns over cross-border crypto regulation.
M• By Harsh Ranjan
Explore:Mutual Fund Categories
negative
1h agoChina accuses US of a $13 billion Bitcoin ‘state-hack’, raising crypto market nerves

Chinese authorities claimed that the United States Department of Justice (US DoJ) had seized 127,000 units of Bitcoin (BTC) — worth over $13 billion — and described the action as a state-sponsored hack. The coins allegedly originated from the 2020 hack of the LuBian mining pool.
The dispute affects about 0.65% of Bitcoin’s supply and has heightened concerns over cross-border crypto regulation.
M• By Harsh Ranjan
Explore:Mutual Fund Categories
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China accuses US of a $13 billion Bitcoin ‘state-hack’, raising crypto market nerves
about 2 hours ago
1 min read
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China claims US seized $13 bn of Bitcoin in a state-hack allegation, injecting fresh geopolitical risk into crypto markets.
Chinese authorities claimed that the United States Department of Justice (US DoJ) had seized 127,000 units of Bitcoin (BTC) — worth over $13 billion — and described the action as a state-sponsored hack. The coins allegedly originated from the 2020 hack of the LuBian mining pool.
The dispute affects about 0.65% of Bitcoin’s supply and has heightened concerns over cross-border crypto regulation.

Chinese authorities claimed that the United States Department of Justice (US DoJ) had seized 127,000 units of Bitcoin (BTC) — worth over $13 billion — and described the action as a state-sponsored hack. The coins allegedly originated from the 2020 hack of the LuBian mining pool.
The dispute affects about 0.65% of Bitcoin’s supply and has heightened concerns over cross-border crypto regulation.
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crypto
global
crypto
global
us-china
bitcoin
regulation
Nov 14, 2025 • 20:33 IST