According to @lookonchain, the U.S. government is seeking forfeiture of 127,271 BTC tied to the December 2020 LuBian theft, and if completed, total government Bitcoin holdings would reach 324,625 BTC valued at approximately $36.48 billion at the time of the report, source: @lookonchain. The stolen BTC were moved on-chain about a year ago, and the LuBian attacker sent 1,516 on-chain transactions totaling 1.4 BTC containing pleas for the funds’ return, source: @lookonchain and Arkham Intelligence LuBian entity page. For traders tracking potential supply overhang and government wallet activity, the relevant addresses and entity clusters can be monitored via Arkham Intelligence to detect consolidation or large outbound transfers related to this case, source: Arkham Intelligence.

According to @EmberCN, U.S. case filings outline a planned forfeiture of 127,271 BTC across 25 addresses tied to Chen Zhi, valued at approximately $14.1B at the referenced price (source: @EmberCN). Arkham labels those 25 addresses as associated with the Lubian mining pool and marks them as coins stolen in 2020 (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker). @EmberCN states the BTC were consolidated in July 2024 and that Lubian broadcast an on-chain message requesting the return of funds (source: @EmberCN). @EmberCN adds that the case documents indicate the BTC are now in U.S. government custody, implying the July consolidation was conducted by authorities, not the attacker (source: @EmberCN). Based on this addition, @EmberCN estimates U.S. government BTC holdings at about 324,000 BTC worth roughly $36.2B at the referenced price point (source: @EmberCN). @EmberCN characterizes the U.S. government as the largest single BTC-holding entity under this tally, presented as their assessment (source: @EmberCN). For trading, the 25 flagged addresses and any known government-labeled wallets can be monitored for outflows to gauge potential near-term supply risk and volatility triggers (source: Arkham intel.arkm.com/explorer/entity/lubian-hacker; @EmberCN).