Odaily Planet Daily reports that 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 in 2020, LuBian suffered a major hacking attack, in which a total of 127,272.06953176 Bitcoins (worth approximately $3.5 billion at the time, now worth $15 billion) were stolen. The holder of this huge amount of Bitcoins was Chen Zhi, chairman of the Prince Group of Cambodia. After the hack, the Bitcoins remained untouched in the attacker's 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." It wasn't until June 2024 that the stolen Bitcoins were transferred to a new Bitcoin wallet address and have remained untouched ever since.

On October 14, 2025, the U.S. Department of Justice announced criminal charges against Chen Zhi and the seizure of 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" operation orchestrated by a state-sponsored hacking group.

The LuBian mining pool was hacked in 2020, which had a profound impact, leading to the pool's actual dissolution and losses equivalent to more than 90% of its total assets at the time. The stolen Bitcoin is now worth $15 billion, highlighting the risks of amplified price volatility.