- China’s National Computer Virus Emergency Response Center attributes a $13 billion Bitcoin theft to the U.S. government.
- The stolen 127,000 BTC in 2020 belonged to Vincent Chen Zhi, linked with leading Bitcoin mining firm LuBian.
- The U.S. Justice Department seized $13 billion in Bitcoin from Chen, alleging links to criminal activities.
- Chen and the Prince Group deny these claims and assert they will clear their names.
- The incident is described as a state-level cyber operation amid ongoing U.S.-China tensions.
In December 2020, 127,000 Bitcoin (BTC), valued at approximately $13 billion, were stolen, according to a report by China’s National Computer Virus Emergency Response Center (CVERC). The report accuses the U.S. government of orchestrating the theft, describing it as a precise cyber operation carried out by a national Hacking organization rather than typical cybercriminals. The stolen assets were owned by Vincent Chen Zhi, founder and Chairman of the Prince Group, representing the world’s largest BTC mining company, LuBian.
The CVERC report characterizes the incident as a state-level hacking case, calling it a “theft among thieves.” The accusations come amid heightened tensions between the U.S. and China, including trade disputes and negotiations.
In October, the U.S. Justice Department announced the confiscation of Bitcoin valued at $13 billion linked to Vincent Chen Zhi. Authorities claimed the digital assets were connected to human trafficking and fraud operations. In response, Chen and the Prince Group labeled these allegations as “baseless”, stating that the accusations have “caused undue harm to thousands of innocent employees, partners and communities.” They expressed confidence that Chen would “completely clear his name.”
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