Crypto Clash: Beijing Blames US for LuBian's 127,000 BTC Bitcoin Exploit
China accuses Washington of 'draining' 127,000 BTC from LuBian in 2020. Researchers link the exploit to a flaw in key generation.
The United States stands as a global hub for financial innovation and blockchain development. From Wall Street to Silicon Valley, the country drives discussions on regulation, Bitcoin ETFs, CBDCs, and institutional crypto adoption.
101 PostsChina accuses Washington of 'draining' 127,000 BTC from LuBian in 2020. Researchers link the exploit to a flaw in key generation.
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The US seized 127,000 BTCs linked to the Chinese 'Sha Zhu' scam and established the Strategic Bitcoin Reserve.
Financial leverage, low liquidity and macroeconomic tensions collided, wiping $16,700 off the price of Bitcoin in less than eight hours, a painful lesson in risk and reaction.

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