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🚨 BREAKING: China’s cybersecurity agency (CVERC) reports that the US seized 127,000 #BTC (~$13B) tied to the 2020 hack of the LuBian mining pool.
The funds were linked to Chen Zhi, now indicted in the US for crypto fraud. After years of inactivity, the coins recently moved to wallets traced to US authorities.
This haul equals nearly 39% of the US government’s total Bitcoin holdings.