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China Accuses US of $14 Billion Bitcoin Theft Linked to 2020 Cyberattack

China Accuses US of $14 Billion Bitcoin Theft Linked to 2020 Cyberattack

First seen 2 Dec 2025, 18:33 UTC • •

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ThreatCluster AI
ThreatCluster •March 12, 2026 at 13:27 UTC

China's National Computer Virus Emergency Response Center (CVERC) has accused the United States of orchestrating a cyberattack on the LuBian bitcoin mining pool in late 2020, resulting in the theft of 127,272 bitcoins, valued at approximately $14 billion. The allegations suggest that the U.S. Department of Justice used state-level hacking tools to carry out the operation, which has intensified ongoing cyber tensions between the two nations.

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