A wallet linked to Chinese Bitcoin mining operation LuBian moved nearly $1.3 billion in Bitcoin a day after the United States Department of Justice filed a seizure case for $15 billion in allegedly stolen cryptocurrency, which the DOJ said is the largest crypto forfeiture in its history.

The transfers occurred less than a day after the DOJ filed charges against Prince Holding Group, a Cambodia-based company accused of operating large crypto fraud schemes linked to pig-butchering.

Dormant Wallet Activity Resurfaces

Blockchain analytics firm Lookonchain reported that a wallet connected to LuBian transferred 9,757 BTC, worth about $1.1 billion at the time, to new wallets after three years of inactivity.

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Arkham Intelligence said the same wallet later moved another 2,129 BTC, valued at roughly $238 million, hours after the first transfer. In total, 11,886 BTC, worth about $1.3 billion at current market prices, were transferred.

Link to the 2020 LuBian Hack

An earlier report by Arkham on August 3 said LuBian was hacked in 2020 for 127,426 BTC, worth about $3.5 billion at the time. The firm noted that the 11,886 BTC now moved matches the amount LuBian had placed in recovery wallets following the hack.

🚨 JUST IN: Chinese miner LuBian has now moved all $1.45 BILLION of its remaining Bitcoin to a new wallet

First movement in 3 years as DOJ reveals $15 billion forfeiture case pic.twitter.com/IT1y6U0xeP

— Bitcoin Archive (@BTC_Archive) October 15, 2025

Potential Addition to US Bitcoin Reserve

US prosecutors filed a forfeiture complaint for about $14.4 billion connected to the alleged fraud network led by Chen Zhi, founder of Prince Holding Group. The DOJ said the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term involved is already in custody and could be forfeited following possible convictions on wire fraud and money laundering conspiracy charges.

The DOJ said Zhi and his associates used fraud proceeds to fund crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Read this Term operations in Laos, Texas, and China through LuBian, once the sixth-largest Bitcoin mining pool.

If approved, the seizure would mark one of the largest additions to US Bitcoin holdings, following a March order by former President Donald Trump to create a reserve funded by forfeited digital assets.