China's CVERC Accuses U.S. of Seizing ~127,426 BTC (~$13.3B) From 2020 LuBian Hack

first published 2025-11-11T09:38:30Z

China’s National Computer Virus Emergency Response Center (CVERC) alleges the U.S. Department of Justice seized 127,000 BTC (≈$13B) that were stolen in a 2020 hack of the LuBian mining pool. CVERC claims the hack used advanced “state‑level” tools and argues mid‑2024 wallet transfers—later tagged by Arkham as belonging to the U.S. government—may be linked to the same attackers. U.S. authorities maintain the seizure was a legitimate law‑enforcement action; CoinDesk sought comment from U.S. officials.

AI Analysis

CVERC alleges the DOJ seized 127,000 BTC stolen in a 2020 LuBian pool hack and says the theft used advanced, “state‑level” tools; Arkham previously tagged mid‑2024 transfers as U.S. government wallets, while U.S. authorities maintain the seizure was a lawful law‑enforcement action. These facts introduce legal and geopolitical dispute over a large BTC holding, creating potential market uncertainty.

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