**China Accuses US of Stealing Rp216 T Bitcoin in LuBian 2020 Hacking Case**

China’s National Computer Virus Emergency Response Center (CVERC), or China’s cybersecurity oversight agency, has released an analysis of a past case, accusing the US government of being involved in the massive theft of LuBian's digital crypto assets in 2020, with 127 Bitcoin stolen, now valued at around US$13 billion or Rp216 trillion, Tuesday (12/11).

As a result, Bitcoin is now priced at US$103,500 with a decrease of 1.76%, according to CoinMarketCap. This report reconstructs the complete chronology of the Bitcoin theft, analyzes each phase of the attack, and evaluates Bitcoin's security mechanisms.

For information, on December 29, 2020, there was a hacking incident at a Bitcoin mining pool in LuBian, resulting in 127,272 Bitcoin, which at that time was worth around US$3.5 billion belonging to Cambodian Prince Group Chairman Chen Zhi. In fact, Zhi posted a message on the blockchain platform to return the stolen Bitcoin despite the high ransom.

Strangely, all of that Bitcoin was left untouched in a wallet controlled by the attackers for nearly four years. Then, on October 14, 2025, the US Department of Justice filed criminal charges against Chen Zhi and claimed to have seized 127,000 Bitcoin related to him and Prince Group.

However, evidence shows that the Bitcoin seized by the US government matches the value of Bitcoin that went missing from the LuBian mining pool by hackers since the beginning of 2020. This means that now the Chinese government is convinced that the US government likely stole 127,000 Bitcoin belonging to Chen Zhi since early 2020 using hacking techniques.