The National Computer Virus Emergency Response Center released a report on the theft of 127,000 Bitcoins from Chen Zhi: A state-owned hacker group was behind the operation.

The National Computer Virus Emergency Response Center released a technical analysis report on the LuBian mining pool hack that resulted in the theft of a huge amount of Bitcoin. The report states that a major hacking attack occurred at the LuBian mining pool in 2020, resulting in the theft of 127,272.06953176 Bitcoins (worth approximately $3.5 billion at the time, now worth $15 billion). The holder of this huge amount of Bitcoins was identified as Chen Zhi, chairman of the Prince Group of Cambodia. Following the attack, the Bitcoins remained untouched in the attacker-controlled wallet address for four years, almost entirely untouched. This is clearly inconsistent with the typical behavior of hackers eager to cash out and pursue profits, suggesting a precise operation orchestrated by a "nation-state hacking organization." The stolen Bitcoins were only transferred to a new Bitcoin wallet address in June 2024 and have remained untouched ever since. On October 14, 2025, the U.S. Department of Justice announced criminal charges against Chen Zhi and seized 127,000 bitcoins from Chen Zhi and his Prince Group. Evidence suggests that the massive amount of bitcoins seized by the U.S. government from Chen Zhi and his Prince Group were bitcoins from the LuBian mining pool that had already been stolen by hackers using technical means back in 2020. In other words, the U.S. government may have already stolen 127,000 bitcoins held by Chen Zhi through hacking techniques as early as 2020. This is a classic case of a "double-cross" orchestrated by a state-sponsored hacking organization. The LuBian mining pool hack in 2020 had a profound impact, leading to the pool's de facto dissolution and losses equivalent to over 90% of its total assets at the time. The stolen bitcoins are now valued at $15 billion, highlighting the risks of amplified price volatility.