U.S. Government Seeks to Confiscate Bitcoin Linked to 2020 Theft

According to BlockBeats, the U.S. government is pursuing the confiscation of 127,271 bitcoins, valued at approximately $14 billion, which are reportedly linked to the mining operations of defendant Chen Zhi's LuBian business. These bitcoins were allegedly stolen in 2020 and have remained inactive since then. Unless a fraudulent hacking incident occurs, it is unlikely that these bitcoins will be recovered.