PLAY PODCASTS
Did the US Steal $13 Billion in Bitcoin? China Says Yes

Did the US Steal $13 Billion in Bitcoin? China Says Yes

The Breakdown

November 13, 202511m 31s

Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

China is accusing the US of hacking a major Bitcoin mining pool in 2020 and stealing 127,000 BTC—now worth more than $13 billion. NLW breaks down the origins of the Labuyan hack, why the coins later appeared in DOJ-linked wallets, the allegations surrounding Chinese billionaire Chen Ji, and what this fight reveals about Bitcoin’s role in rising US–China tensions. Plus, a quick look at Coinbase’s move to revive US token sales.

Enjoying this content?