"The Bitcoin stolen from LuBian was worth approximately $127 million at 2020 prices, but would be valued at over $13 billion at current market rates."
so the article above has the quote I found inside it.
now math says 13,000,000,000/127,000,000=102.362
102.362 x more valuable
thus some time in 2020.
104,000/102=1,019.608 BTC was worth a mere 1019.60 usd
So the article is really fucking wrong since the lowest price in 2020 was about 3900 and it lasted about a day at that price.
China has accused the US of stealing 127,000 Bitcoin from a Chinese mining pool during a 2020 cyber attack.
Phil - 127,000 Bitcoins - Yes, I think the 2020 value stated in the article was incorrect at $127k, and was not caught by the editor before final print approval...
The key takeaway is that China is accusing the U.S. of stealing 127,000 Bitcoin back in 2020.
A thank you for the veteran's day wish
B IF the math is wrong and it certainly is maybe the coin total is wrong?
Now 127k coins on a pool wallet in 2020 is pretty much very unlikely.
Here is why in 2020 pretty halving blocks were 12.5 coins post halving blocks were 6.25
Sooooo 144 blocks in a day is 144×12.5= 1800 coins a day for the entire network.
And if it was after halving 144×6.25= 900 coins a day for the entire network.
That pool was not a 20% of the network pool it was more like 7-9%
Thus maybe 180 coins a day pre-halving and 90 coins a day post halving.
Or in terms of how long it took to grow to 127,000 coins.
Well over 750 days if pre halving and well over 1300 days post halving.
And no miner let's the pool hold their earnings 1300 days or even 750 days.
I put my mining earnings into my own wallet about every 2 weeksAs that is all I am willing to risk for the ease of doing less wallet moves.
When I get to 0.015 btc auto move
When I get to 0.100 ltc auto move
When I get to 500 doge auto mo v e.
So the article is inaccurate in two ways.
The USA did not steal 127k via hacking from that pool in the year 2020
The increase in value was not 102x from 2020 to 2025.
Now did the USA government hack coins? I do not know
NOW DOES the USA government hold 127k coins I do not know.
NOW did the USA grab wallets from crooks as they claim they did? I do know
I only know that if math is real that story is wrong.
I also realize we can all agree that 1+1= 34 and fuck up the rules of math but that is a side bar.
People are dumping on your info because you did not fact check it