🥷 127,000 BTC.
This wasn’t just a seizure.
It may have been the first Bitcoin war between superpowers.
On Oct 14, 2025, the U.S. DOJ announced it had seized 127,271 BTC.
But the real story is how those coins appeared.
👉
They were linked to Chen Zhi, a Cambodian-Chinese billionaire behind the Prince Group.
Accused of fraud, human trafficking, and money laundering across Asia.
But those coins…
weren’t just “criminal funds.”
They came from a forgotten hack in 2020.
💸 Dec 29, 2020
127,272 BTC vanished.
Gone in hours.
Stolen from LuBian, a mining pool controlling ~6% of global hashrate.
👉
The attack was surgical.
No servers hacked.
Just a fatal flaw:
👉 weak randomness in key generation
Attackers predicted private keys… and drained everything.
Then… nothing.
For YEARS.
The funds sat untouched. Silent.
Until 2021–2022…
Messages started appearing on-chain:
“Please return our funds.”
“We will pay a reward.”
That’s when the truth leaked:
👉 Prince Group was connected to the stolen BTC
But still… nothing moved.
Until June 2024.
💥 The wallets suddenly woke up.
Funds started moving.
👉 https://intel.arkm.com/explorer/entity/lubian-hacker
Blockchain analysts tracked the destination…
And found something shocking:
🇺🇸 U.S. GOVERNMENT ADDRESSES
👉
Just like that…
The biggest hack in Bitcoin history
became
⚖️ an official U.S. seizure
But here’s the problem:
Bitcoin doesn’t care about laws.
👉 You need private keys.
So the real question is:
HOW did the U.S. get them?
The DOJ says:
“The keys were in possession of Chen Zhi.”
👉 Legal seizure. Not hacking.
But there’s a gap.
No warrants disclosed.
No device seizures.
No cooperation details.
Nothing.
So theories exploded:
• He was forced to hand over the keys
• A covert cyber operation
• Intelligence-level recovery
Then China responded.
🇨🇳
A 47-page report accused the U.S. of:
👉 state-sponsored theft
Their argument:
• 4 years dormant
• then perfectly synchronized movement
Too clean. Too precise.
To Beijing, this wasn’t justice.
It was:
👉 digital piracy by a superpower
Now think about this:
For the first time ever…
Two global powers are disputing
NOT land
NOT oil
…but
🧠 PRIVATE KEYS
❄️ Welcome to the Digital Cold War
Where governments fight for control of value
on-chain.
127,000 BTC was just the beginning.
Your keys are safe…
until they aren’t.
They were linked to Chen Zhi, a Cambodian-Chinese billionaire behind the Prince Group.
Accused of fraud, human trafficking, and money laundering across Asia.
But those coins…
weren’t just “criminal funds.”
They came from a forgotten hack in 2020.
💸 Dec 29, 2020
127,272 BTC vanished.
Gone in hours.
Stolen from LuBian, a mining pool controlling ~6% of global hashrate.
👉
The attack was surgical.
No servers hacked.
Just a fatal flaw:
👉 weak randomness in key generation
Attackers predicted private keys… and drained everything.
Then… nothing.
For YEARS.
The funds sat untouched. Silent.
Until 2021–2022…
Messages started appearing on-chain:
“Please return our funds.”
“We will pay a reward.”
That’s when the truth leaked:
👉 Prince Group was connected to the stolen BTC
But still… nothing moved.
Until June 2024.
💥 The wallets suddenly woke up.
Funds started moving.
👉 https://intel.arkm.com/explorer/entity/lubian-hacker
Blockchain analysts tracked the destination…
And found something shocking:
🇺🇸 U.S. GOVERNMENT ADDRESSES
👉
Just like that…
The biggest hack in Bitcoin history
became
⚖️ an official U.S. seizure
But here’s the problem:
Bitcoin doesn’t care about laws.
👉 You need private keys.
So the real question is:
HOW did the U.S. get them?
The DOJ says:
“The keys were in possession of Chen Zhi.”
👉 Legal seizure. Not hacking.
But there’s a gap.
No warrants disclosed.
No device seizures.
No cooperation details.
Nothing.
So theories exploded:
• He was forced to hand over the keys
• A covert cyber operation
• Intelligence-level recovery
Then China responded.
🇨🇳
A 47-page report accused the U.S. of:
👉 state-sponsored theft
Their argument:
• 4 years dormant
• then perfectly synchronized movement
Too clean. Too precise.
To Beijing, this wasn’t justice.
It was:
👉 digital piracy by a superpower
Now think about this:
For the first time ever…
Two global powers are disputing
NOT land
NOT oil
…but
🧠 PRIVATE KEYS
❄️ Welcome to the Digital Cold War
Where governments fight for control of value
on-chain.
127,000 BTC was just the beginning.
Your keys are safe…
until they aren’t.


Jason was 26 years old when, on a Saturday—January 10, 2009—his father fired up the machines and sent a tweet from the attic that would go down in history.
#Bitcoin had barely been launched, and Hal Finney had already downloaded the software and was mining coins at home.
It was no coincidence.
Harold Thomas Finney II was the perfect figure to receive Satoshi Nakamoto’s torch 🗽
He was one of the first employees of the PGP Corporation.
In 2004, he created a system of reusable proof-of-work. He was also an active participant on the mailing list where Satoshi announced #BTC.

When Satoshi released the software, Hal rushed to install it, helped fix bugs, and made the famous prediction that “a coin could eventually be worth $10M.”
He began mining.
In January 2009, that attic was humming day and night. Hal was excited.
In early 2009, Jason noticed that his father’s computer processor was running 24 hours a day, seven days a week, at full speed. “He mentioned that he was helping someone test a kind of prototype for an online money system. That’s how he saw it. It wasn’t real—it was a test for a prototype.”
More specifically, this test was the receipt of the first Bitcoin transaction by Hal. Although it was just another step in the process for him, Hal’s role would forever secure him a place in the annals of cryptography around the world.
Two days after the famous tweet, Hal received the first transaction in history:
10 BTC directly from Satoshi Nakamoto.
The emails he exchanged with Satoshi between January 9 and 24 were later made public by Fran Finney:
The toy took off. The noise in the attic turned into money.
When #BTC hit $1, Hal gave exotic Christmas gifts to the whole family—
like alpaca wool socks, which became legendary.
But he didn’t get to enjoy the rewards of his pioneering role. Everything was about to change.
Every genius carries a cross.
Hal Finney had ALS—a degenerative disease that, between 2011 and 2013, impaired his speech and movement.
The Finney attic fell silent.
Soon after Satoshi disappeared, Hal also stopped mining. See the chart below 👇
Hal had a project to improve a wallet, which he carried forward as far as he could.
When he could no longer type, Hal built a device that allowed him to write using eye movements.
It was 20 times slower than using his fingers, but it worked.
Hal kept programming until he could no longer communicate.
In March 2013, he published a farewell letter titled “Bitcoin and Me.”
The coins mined in the Finney attic essentially paid for the treatment and gave Hal a dignified end of life.
His children inherited a love for science and freedom.
Perhaps Hal remembers a private key—and if he’s ever brought back, he’ll have a little money to spend.
Erin, the youngest, is a programmer.
Jason became a math teacher and a science fiction writer.
Fran works funding research into the disease that put Hal’s life “on pause.”
Every year, she organizes a half marathon that raises donations in #BTC for the ALSF.



