Get all your news in one place.
100's of premium titles.
One app.
Start reading
Tom’s Hardware
Tom’s Hardware
Technology
Jowi Morales

China accuses Washington of stealing $13 billion worth of Bitcoin in alleged hack — 127,272 tokens seized from Prince Group after owner Chen Zhi was indicted for wire fraud and money laundering, U.S. alleges

Bitcoin logo in front of a chart.

The China National Computer Virus Emergency Response Center (CVERC), Beijing’s primary cybersecurity agency, has accused Washington of stealing 127,272 Bitcoin — worth more than $13 billion USD at today’s exchange rate — in a December 2020 hack. According to Nikkei Asia, the CVERC outlined the details of the cyberattack on its WeChat account, saying that the stolen amount from five years ago came from LuBian, one of the world’s largest cryptocurrency miners, and matches the amount the U.S. DOJ says it seized from Zhi.

Chen Zhi and his company, Prince Group, were accused of running scam call centers across Cambodia. Aside from the cases that he’s facing in the U.S., other countries and territories, like Singapore, Hong Kong, and Taiwan, have acted against the company, freezing more than $500 million in assets across borders and leading to the arrest of at least 25 people.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.