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China’s National Computer Virus Emergency Response Center just dropped a bombshell: they’re accusing the United States government of orchestrating a state-level hack that stole 127,000 Bitcoin — worth over $13 billion — from a Chinese mining pool back in 2020. The U.S. Department of Justice says it was a “lawful seizure” tied to a fraud case in Cambodia. China says it was “digital theft.” Now both superpowers are pointing at the same wallet address on the blockchain and calling each other thieves. This isn’t about crime anymore — it’s financial warfare. Bitcoin just became the world’s first sovereign digital asset, and the line between “law enforcement” and “state-sponsored hacking” just vanished. In this episode, Adam Livingston breaks down: The 2020 LuBian Mining hack and the 4-year dormancy of the stolen coins. How the U.S. DOJ seized 127k BTC and why China says it’s theft. The birth of the first Bitcoin Cold War. Why Bitcoin Treasury Companies like Strategy (MSTR) and Metaplanet are now operating on sovereign battlefields. What this means for global markets, custody risk, and the future of digital capital. If you thought Bitcoin was volatile, wait until you see two governments fight over it. Timestamps 00:00 China's Accusation and US Response 01:44 The Blockchain Evidence 02:06 The Origin of the Bitcoin Dispute 04:01 The Coins Start Moving 06:17 Geopolitical Implications 08:54 Bitcoin as Strategic Collateral 10:00 The First Bitcoin War? ► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide ✔ https://www.swanbitcoin.com/private?u... ► Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes ✔ https://www.swanbitcoin.com/ira?utm_c... ► Secure your Bitcoin with Swan Vault ✔ https://www.swanbitcoin.com/vault?utm... ► Download the all-new Swan Bitcoin App ✔ https://www.swanbitcoin.com/app?utm_c... ► Want to learn more about Bitcoin? Check out Welcome To Bitcoin a FREE Introductory course. Learn about Bitcoin in under 1 hour! ✔ https://www.swanbitcoin.com/welcome?u... ► Connect with Swan Bitcoin: ✔ Twitter: / swan ✔ Instagram: / swanbitcoin ✔ LinkedIn: / swanbitcoin ✔ Threads: https://www.threads.com/@swanbitcoin ✔ Facebook: / swanbitcoin ✔ TikTok: / realswanbitcoin WARNING: Beware of scammers who use Swan’s image and name in the comment section. We will never ask you to contact us through YouTube. If you have any questions and want to reach us directly, follow our Twitter account / swan and send us a message.