China Accuses US of Orchestrating $14 Billion Bitcoin Heist from LuBian Mining Pool

Imagine a big Bitcoin money-making machine called LuBian, which was based in China, got hacked in 2020.

A lot of digital money, worth billions of dollars, was stolen from its digital wallets.

Recently, China has pointed fingers at the United States government, saying American spies orchestrated this big theft using high-tech tools.

China believes the US held onto the stolen money for years.

Then, in 2024, the US government took almost the same amount of Bitcoin, claiming it was part of a case against a Cambodian businessman named Chen Zhi.

The US says Chen Zhi ran a giant scam involving fake crypto investments, possibly connected to 'pig butchering' scams where people lose all their money.

China thinks the US taking the Bitcoin later was just a way to make it look like they legally recovered money they actually stole.

Chen Zhi's representatives disagree with the US claims, saying the government is mistaken and they are trying to trace the money themselves.

This whole situation shows how digital money, spying, and global politics are all mixed together.