- LuBian Mining Pool Bitcoin theft linked to Chen Zhi, Chairman of Prince Group.
- U.S. DOJ seized 127,271 BTC, now valued at $15 billion.
- Stolen funds were dormant until 2024, transferred again, and seized in 2025.
The U.S. Department of Justice seized 127,271 bitcoins from Cambodian Prince Group’s Chairman Chen Zhi amid controversial allegations of a ‘hack-on-hack’ involving LuBian Mining Pool.
This unprecedented seizure highlights vulnerabilities in cryptocurrency security and raises questions about state-level intervention in digital asset recovery.
U.S. Seizes $15 Billion from LuBian Mining Pool Hack
A detailed investigation by the U.S. Department of Justice concluded with the seizure of 127,271 bitcoins, initially stolen in a 2020 hacking incident involving the LuBian Mining Pool and complicated ties to Chen Zhi. Chen Zhi allegedly orchestrated money laundering operations through his position as Prince Group Chairman, utilizing the hacked bitcoins as part of the scheme.
According to CoinMarketCap, Bitcoin (BTC) is currently priced at $102,184.72 with a market cap of 2.04 trillion and a dominance rate of 59.34%. Over the past 30 days, BTC has declined 15.95%, reflecting volatility associated with ongoing investigations. Circ. Supply: 19,946,421 BTC, with no changes in market leadership quality.
Bitcoin Market Volatility Amidst Seizure Fallout
Did you know? The LuBian Mining Pool bitcoin theft incident is considered one of the largest in history, highlighting persistent vulnerabilities in cryptographic key management.
Expert insights from Coincu suggest potential for tightened regulation and advanced security mechanisms to prevent similar future breaches. Historical data highlights recurring threats to blockchain integrity, underscoring a need for industry-wide best practices and vigilance.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:17 UTC on November 9, 2025. Source: CoinMarketCapAccording to CoinMarketCap, Bitcoin (BTC) is currently priced at $102,184.72 with a market cap of 2.04 trillion and a dominance rate of 59.34%. Over the past 30 days, BTC has declined 15.95%, reflecting volatility associated with ongoing investigations. Circ. Supply: 19,946,421 BTC, with no changes in market leadership quality.
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Source: https://coincu.com/news/us-doj-seizes-bitcoin-china/
