US Government Seizes $13 Billion in Bitcoin, Citing Weak Keys in Hacking Allegations

The US government has seized approximately $13 billion worth of Bitcoin linked to Chinese wallets as part of a criminal investigation. The seizure follows allegations from China’s National Computer Virus Emergency Response Center (CVERC) accusing the US government of orchestrating the theft via state-sponsored hacking. ❌ Investigations have revealed that the funds were compromised due to weak private keys in the seized wallets, not a direct breach of Chinese infrastructure by a foreign power.