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China Alleges US Seized $13B in Bitcoin (BTC) – Crypto Heist of the Decade?

China Alleges US Seized $13B in Bitcoin (BTC) – Crypto Heist of the Decade?

Published:
2025-11-13 07:02:00
20
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Blockchain Blame Game Escalates as Beijing Points Finger at Washington

The $13 Billion Question: Who Really Controls Crypto's Backbone?

China's explosive accusation lands as Bitcoin flirts with new institutional adoption—ironic timing for an asset supposedly beyond government reach. The US hasn't commented, but crypto Twitter's already dividing into geopolitical trenches. Meanwhile, Wall Street quietly adjusts its Bitcoin ETF prospectuses.

Funny how $13B disappears and suddenly everyone remembers crypto was meant to be decentralized. Maybe next we'll hear the Fed mined those coins during quantitative easing.

US Stole $13 Billion Worth of Bitcoin, Alleges China

Us china flag

Source: Global Times

State-level authorities orchestrated the $13 billion Bitcoin theft, claims the CVERC report. The accusations come at a time when tensions between the US and China are high. Trade wars, tariffs, and negotiations are ongoing between the two most economically powerful nations.

In October, the US Justice Department announced that it had confiscated Bitcoin valued at $13 billion from Vincent Chen Zhi. The Justice Department alleged that the digital assets were used to conduct human trafficking and online fraud operations.

However, the Price Group founder broke his silence on Tuesday, saying that the US Department of Justice is making “baseless” allegations. They havehe said. The group also expressed confidence that Chen Zhi would

|Square

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