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flag China blames U.S. for 2020 Bitcoin theft; U.S. denies, says funds seized in fraud case.

flag China’s cybersecurity agency has accused the U.S. government of orchestrating a 2020 cyberattack that stole 127,272 bitcoins—worth about $13 billion—from the LuBian mining pool, labeling it a state-level operation. flag The agency cited the prolonged inactivity of the stolen funds and their transfer to U.S.-linked wallets in 2024 as evidence of government involvement. flag The U.S. Department of Justice denies the claim, stating the Bitcoin was seized in a civil forfeiture action tied to Chen Zhi, chairman of Cambodia’s Prince Group, who faces charges related to fraud and money laundering. flag The hack reportedly exploited a flawed random number generator, enabling attackers to predict private keys. flag No independent evidence has been provided to confirm state involvement, and the U.S. has not publicly responded to the allegations.

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