China Alleges US Seized $13 Billion in Bitcoin from 2022 Hack: Bloomberg

3 hours ago7 min read

China has formally accused the United States of orchestrating the seizure of approximately $13 billion in Bitcoin from a 2022 hack, escalating the incident into a significant diplomatic dispute, according to a Bloomberg report. The allegation centers on the theft of 127,426 BTC from the Chinese mining pool, LuBian, an event first identified by the intelligence platform Arkham in August.Chinese authorities claim that US actors were behind the digital asset grab. The accusation strikes at the core of ongoing tensions between the two superpowers over technological supremacy and financial control.If substantiated, it would represent one of the largest state-linked seizures in the history of cryptocurrency. The US has previously positioned itself as a regulator of the digital asset space, focusing on investor protection and compliance.China, which has implemented its own strict ban on cryptocurrency trading and mining, is now using the claim to counter US criticisms of its financial policies. The situation highlights the increasing role of blockchain intelligence firms in international forensics and underscores deepening geopolitical fissures as digital assets become a new arena for state conflict. The fate of the stolen Bitcoin and the validity of the claims remain central points of contention.

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#Arkham

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