{"id":513297,"date":"2025-11-12T04:11:54","date_gmt":"2025-11-12T04:11:54","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1227965"},"modified":"2025-11-12T04:11:54","modified_gmt":"2025-11-12T04:11:54","slug":"china-accuses-u-s-of-stealing-13-billion-in-bitcoin-from-state-level-hack-group","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/12\/china-accuses-u-s-of-stealing-13-billion-in-bitcoin-from-state-level-hack-group\/","title":{"rendered":"China Accuses U.S. of Stealing $13 Billion in Bitcoin From State-Level Hack Group"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/ChatGPT-Image-Nov-12-2025-at-10_30_44-AM.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li data-start=\"3064\" data-end=\"3187\"><strong>The renewing U.S.\u2013China conflict adds short-term volatility but highlights Bitcoin\u2019s growing role as a geopolitical hedge.<\/strong><\/li>\n<li data-start=\"3191\" data-end=\"3337\"><strong>As for Bitcoin, the shrinking exchange supply and record ETF inflows point toward a long-term bullish outlook for BTC, even amid regulatory and diplomatic turbulence.<\/strong><\/li>\n<\/ul>\n<hr>\n<p data-start=\"154\" data-end=\"655\">At the peak of escalating U.S.\u2013China <a href=\"https:\/\/www.crypto-news-flash.com\/u-s-china-economic-breakup-looms\/\">tensions<\/a>, Beijing\u2019s cybersecurity watchdog has accused the United States of masterminding one of the largest crypto thefts in history\u2014allegedly siphoning $13 billion in Bitcoin through a covert, state-level hack.<\/p>\n<p data-start=\"154\" data-end=\"655\">As detailed in a technical report from China\u2019s National Computer Virus Emergency Response Center (CVERC), the claim adds another layer of geopolitical intrigue, with both powers trading accusations in what seems like a case of \u201cthieves falling out.\u201d<\/p>\n<p data-start=\"657\" data-end=\"1012\">For more context, Crypto News Flash (CNF) recently <a href=\"https:\/\/www.crypto-news-flash.com\/4-cryptos-to-watch-as-us-china-trade-tensions-ease-xrp-link-vet-btc\/\">reported<\/a> that easing U.S.\u2013China trade relations had supported bullish momentum in crypto assets tied to global commerce, such as XRP, LINK, VET, and BTC. However, this new accusation marks a sharp reversal, reigniting tensions.<\/p>\n<p data-start=\"657\" data-end=\"1012\">According to the U.S. side, the <a href=\"http:\/\/U.S. side, the Department of Justice\">Department of Justice<\/a> emphasized that:<\/p>\n<blockquote data-start=\"1013\" data-end=\"1168\">\n<p data-start=\"1015\" data-end=\"1168\">Today\u2019s action represents one of the most significant strikes ever against the global scourge of human trafficking and cyber-enabled financial fraud.<\/p>\n<\/blockquote>\n<p data-start=\"1170\" data-end=\"1241\">Meanwhile, the CVERC <a href=\"https:\/\/www.google.com\/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https:\/\/www.globaltimes.cn\/page\/202511\/1347745.shtml&amp;ved=2ahUKEwi14Km23uuQAxVtwTgGHWSEPJYQFnoECBYQAQ&amp;usg=AOvVaw0ItTcyrqpqNzdxKiy1xCQm\" target=\"_blank\" rel=\"noopener\">report<\/a> from Beijing counters with its own claim:<\/p>\n<blockquote data-start=\"1242\" data-end=\"1373\">\n<p data-start=\"1244\" data-end=\"1373\">The U.S. government may have already used hacking techniques as early as 2020 to steal the 127,000 Bitcoins held by Chen Zhi.<\/p>\n<\/blockquote>\n<p data-start=\"1375\" data-end=\"1578\">Subsequently to that, the investigators on the two both sides point to suspicious details such as identical transaction fees, automated high-end scripts, and a four-year dormancy period when which the stolen coins remained as untouched.<\/p>\n<h2 data-start=\"1585\" data-end=\"1656\">Bitcoin Outlook: A Bullish Supply Shortage Amid Geopolitical Noise<\/h2>\n<p data-start=\"1658\" data-end=\"2132\">The current situation underscore the fragility of global mining infrastructure and the razor-thin line between enforcement and aggression on the digital era. Rising U.S.\u2013China friction could triggering with new regulatory crackdowns, possibly dampening investor confidence\u2014similar to China\u2019s 2021 mining ban that slashed hash rates by 50%.<\/p>\n<p data-start=\"1658\" data-end=\"2132\">Yet, Bitcoin continues to demonstrate resilience, buoyed by $2.5 billion in weekly ETF inflows and accelerating institutional adoption. Although, short-term volatility is likely\u2014a 5\u201310% dip from panic selling\u2014but the fundamentals remain strong, with analysts eyeing $110,000 by year-end as long-term holders double down on Bitcoin\u2019s independence from political disputes.<\/p>\n<p data-start=\"2366\" data-end=\"2795\">According to TradingView, on-chain data shows BTC reserves on exchanges have<a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-could-slip-under-100k-this-weekend-standard-chartered-warns\/\"> fallen<\/a> to multi-year lows, around 2.8\u20132.9 million BTC, signaling a tighter available on supply. Meanwhile, institutional investors are absorbing some much of the newly issued Bitcoin. A Finance report reveals that corporations, sovereign funds, and ETFs have collectively accumulated over six times the new BTC mined through October 2025.<\/p>\n<p data-start=\"2797\" data-end=\"3003\">As of now, <strong data-start=\"2808\" data-end=\"2825\">Bitcoin (BTC)<\/strong> trades at approximately <strong data-start=\"2850\" data-end=\"2865\">$103,277.44<\/strong>, marking a <span><strong data-start=\"2877\" data-end=\"2909\">1.14% <\/strong><\/span>gain over the past day despite a <span><strong data-start=\"2920\" data-end=\"2956\">2.97% <\/strong><\/span>decline over the past week, according to CoinMarketCap\u2019s live data. See BTC price chart below.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The renewing U.S.\u2013China conflict adds short-term volatility but highlights Bitcoin\u2019s growing role as a geopolitical hedge. As for Bitcoin, the shrinking exchange supply and record ETF inflows point toward a long-term bullish outlook for BTC, even amid regulatory and diplomatic turbulence. At the peak of escalating U.S.\u2013China tensions, Beijing\u2019s cybersecurity watchdog has accused the United [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":513298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[31,118,165,172,25,23155],"class_list":{"0":"post-513297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-other","9":"tag-bitcoin","10":"tag-btc","11":"tag-china","12":"tag-crypto","13":"tag-news","14":"tag-state-level-hack-group"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/513297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=513297"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/513297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/513298"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=513297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=513297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=513297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}