China's National Computer Virus Emergency Response Center has accused the US government of being involved in a large-scale cryptojacking.
Chinese cybersecurity agency CVERC (National Computer Virus Emergency Response Center) has accused the US government of being involved in a large-scale crypto theft.
China Accuses US of Stealing 127,000 Bitcoins: $13 Billion Crypto Tension
According to a white paper published by the agency, the 127,000 Bitcoins (approximately $13 billion) seized by the US Department of Justice were actually stolen assets in a cyberattack on the China-based LuBian mining pool in 2020.
CVERC claimed that the attack was carried out with advanced tools and may have been carried out by a “state-level cyberattack organization.”
The report suggested that the US seizure of the Bitcoins in question may be part of a broader operation involving the same attacker group.
According to a report in the Chinese state-run Global Times newspaper, the hacked Bitcoins remained dormant for nearly four years.
But in mid-2024, the funds were quietly moved to new wallets, which blockchain analysis firm Arkham discovered were linked to the US government.
The US maintains that the seizure of the Bitcoins was a perfectly legitimate law enforcement operation. The CVERC's allegations have reignited ongoing cybersecurity and digital asset tensions between Washington and Beijing.
