China Accuses US Of Stealing 127,000 Bitcoin!
China’s National Computer Virus Emergency Response Center just dropped a bombshell: they’re accusing the United States government of orchestrating a state-level hack that stole 127,000 Bitcoin — worth over $13 billion — from a Chinese mining pool back in 2020.The U.S. Department of Justice says it was a “lawful seizure” tied to a fraud case in Cambodia. China says it was “digital theft.”
Now both superpowers are pointing at the same wallet address on the blockchain and calling each other thieves.
This isn’t about crime anymore — it’s financial warfare.
Bitcoin just became the world’s first sovereign digital asset, and the line between “law enforcement” and “state-sponsored hacking” just vanished.
In this episode, Adam Livingston breaks down:
- The 2020 LuBian Mining hack and the 4-year dormancy of the stolen coins.
- How the U.S. DOJ seized 127k BTC and why China says it’s theft.
- The birth of the first Bitcoin Cold War.
- Why Bitcoin Treasury Companies like Strategy (MSTR) and Metaplanet are now operating on sovereign battlefields.
- What this means for global markets, custody risk, and the future of digital capital.
If you thought Bitcoin was volatile, wait until you see two governments fight over it.
Timestamps
00:00 China's Accusation and US Response
01:44 The Blockchain Evidence
02:06 The Origin of the Bitcoin Dispute
04:01 The Coins Start Moving
06:17 Geopolitical Implications
08:54 Bitcoin as Strategic Collateral
10:00 The First Bitcoin War?
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