According to @stocktalkweekly, China’s National Computer Virus Emergency Response Center alleged the U.S. government stole 127,272 BTC (about $13 billion) from the LuBian Bitcoin mining pool in December 2020, describing it as a state-level hacker operation. source: @stocktalkweekly The Chinese report links the LuBian-stolen BTC to tokens later confiscated by the U.S. government and associated with Chen Zhi, chairman of Cambodia’s Prince Group. source: @stocktalkweekly The U.S. Department of Justice filed a civil forfeiture complaint seizing 127,271 BTC, characterized as the largest U.S. forfeiture action, while federal prosecutors declined to comment on how the Bitcoin was obtained. source: @stocktalkweekly This case concentrates a large BTC cache tied to government forfeiture actions and one of the largest crypto heists in history, a scale relevant to market participants tracking major Bitcoin holdings. source: @stocktalkweekly

According to @EmberCN, U.S. case filings outline a planned forfeiture of 127,271 BTC across 25 addresses tied to Chen Zhi, valued at approximately $14.1B at the referenced price (source: @EmberCN). Arkham labels those 25 addresses as associated with the Lubian mining pool and marks them as coins stolen in 2020 (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker). @EmberCN states the BTC were consolidated in July 2024 and that Lubian broadcast an on-chain message requesting the return of funds (source: @EmberCN). @EmberCN adds that the case documents indicate the BTC are now in U.S. government custody, implying the July consolidation was conducted by authorities, not the attacker (source: @EmberCN). Based on this addition, @EmberCN estimates U.S. government BTC holdings at about 324,000 BTC worth roughly $36.2B at the referenced price point (source: @EmberCN). @EmberCN characterizes the U.S. government as the largest single BTC-holding entity under this tally, presented as their assessment (source: @EmberCN). For trading, the 25 flagged addresses and any known government-labeled wallets can be monitored for outflows to gauge potential near-term supply risk and volatility triggers (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker; @EmberCN).