💥 China Accuses U.S. of Stealing 127,000 $BTC Amid Global Crypto Power Struggle



A geopolitical storm is unfolding in crypto. China’s CVERC has accused the U.S. government of stealing 127,272 Bitcoin from the LuBian mining pool, allegedly linked to Cambodia’s Prince Group Chairman, Chen Zhi.
The U.S. Department of Justice recently filed a forfeiture order for nearly the same amount, claiming the BTC as part of a scam investigation — fueling speculation about how it obtained access. On-chain data shows those funds were inactive for years before being transferred to an address tagged as U.S. government-controlled.

This accusation comes as nation-states quietly accumulate Bitcoin. The U.S. now holds 326,588 BTC, while China controls 190,000 BTC. The two largest global economies are engaged in a digital asset arms race.

Under President Donald Trump, the U.S. has taken an aggressively pro-crypto stance, proposing a strategic Bitcoin reserve through the BITCOIN Act. Meanwhile, China, though officially cautious, continues to hold massive on-chain reserves.

This isn’t just about hacks or headlines — it’s about who controls the world’s hardest money.
BTC2.21%
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