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Did the US Steal $13 Billion in Bitcoin? China Says Yes
Manage episode 519249380 series 2561147
China is accusing the US of hacking a major Bitcoin mining pool in 2020 and stealing 127,000 BTC—now worth more than $13 billion. NLW breaks down the origins of the Labuyan hack, why the coins later appeared in DOJ-linked wallets, the allegations surrounding Chinese billionaire Chen Ji, and what this fight reveals about Bitcoin’s role in rising US–China tensions. Plus, a quick look at Coinbase’s move to revive US token sales.
Enjoying this content?
- SUBSCRIBE to the Podcast: https://pod.link/1438693620
- Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
- Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
- Join the discussion: https://discord.gg/VrKRrfKCz8
- Follow on Twitter:
- NLW: https://twitter.com/nlw
- Breakdown: https://twitter.com/BreakdownBW
2000 episodes
Manage episode 519249380 series 2561147
China is accusing the US of hacking a major Bitcoin mining pool in 2020 and stealing 127,000 BTC—now worth more than $13 billion. NLW breaks down the origins of the Labuyan hack, why the coins later appeared in DOJ-linked wallets, the allegations surrounding Chinese billionaire Chen Ji, and what this fight reveals about Bitcoin’s role in rising US–China tensions. Plus, a quick look at Coinbase’s move to revive US token sales.
Enjoying this content?
- SUBSCRIBE to the Podcast: https://pod.link/1438693620
- Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
- Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
- Join the discussion: https://discord.gg/VrKRrfKCz8
- Follow on Twitter:
- NLW: https://twitter.com/nlw
- Breakdown: https://twitter.com/BreakdownBW
2000 episodes
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