A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/
Did the US Steal $13 Billion in Bitcoin? China Says Yes
The Breakdown
11 minutes
1 week ago
Did the US Steal $13 Billion in Bitcoin? China Says Yes
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.
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The Breakdown
A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/
