China Offloads 194,000 BTC—Now Second Only to U.S. in Crypto Reserves
2025-04-17
crypto" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" decoding="async" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-bitcoin-ban.-In-the-image-a-large-Ch.webp 1792w, https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-Bitcoin-ban.-In-the-image-a-large-Ch-300x171.webp 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-Bitcoin-ban.-In-the-image-a-large-Ch-1200x686.webp 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-Bitcoin-ban.-In-the-image-a-large-Ch-150x86.webp 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-Bitcoin-ban.-In-the-image-a-large-Ch-450x257.webp 450w, https://www.crypto-news-flash.com/wp-content/uploads/2024/09/A-powerful-scene-illustrating-Chinas-ongoing-control-over-55-of-Bitcoins-mining-hashrate-despite-its-official-Bitcoin-ban.-In-the-image-a-large-Ch-768x439.webp 768w" sizes="(max-width: 1792px) 100vw, 1792px" />Over $2 billion in Bitcoin was stolen during the PlusToken scam before its collapse, and although Chinese authorities seized the funds, their final disposition remains unclear. Reportedly, local governments have used private firms to sell seized cryptocurrency for cash to boost their finances. China is reported to have sold its entire stash of 194,000 Bitcoin [...]