China Accuses US of Orchestrating $13 Billion Bitcoin Heist

The Chinese government has accused the United States government of orchestrating a massive heist of $13 billion in Bitcoin from a Chinese mining operation, escalating tensions between the two countries. China’s cybersecurity agency points to suspicious activity surrounding the December 2020 theft of 127,272 Bitcoin from the LuBian mining pool and attributes it to state-sponsored hacking. The agency cites the methodical transfer of stolen cryptocurrency as evidence for government involvement rather than criminal activity.