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9. 💔 LuBian’s $14.5B Bitcoin Heist Exposed After 5 Years
A massive theft remains dormant from 2020 due to a key‑generation flaw. Investigators uncover the hack in 2025 with funds untouched ever since.
Visual: Broken safe with Bitcoin spilling out.
#LUBIAN #CFTCCryptoSprint #BitcoinTreasuryWatch #BTCReserveStrategy #IPOWave
$BTC
A massive theft remains dormant from 2020 due to a key‑generation flaw. Investigators uncover the hack in 2025 with funds untouched ever since.
Visual: Broken safe with Bitcoin spilling out.
#LUBIAN #CFTCCryptoSprint #BitcoinTreasuryWatch #BTCReserveStrategy #IPOWave
$BTC
Unveiled: The $14.5 Billion #LuBian Bitcoin Heist—Largest Crypto #Hack in History Exposes Critical #Security Flaws
In a groundbreaking revelation shaking the cryptocurrency world, blockchain investigators from Arkham Intelligence have brought to light the details of a massive #Bitcoin hack that had remained hidden from public view for nearly four years. The victim? LuBian, a once-prominent Chinese Bitcoin ($BTC ) mining pool, which suffered a staggering loss of 127,426 BTC in December 2020—an amount that has since ballooned in value to over $14.5 billion, making it the largest crypto heist in history.
The LuBian Hack: A Colossal Theft Concealed for Years
On December 28, 2020, LuBian, which was ranked as the sixth-largest Bitcoin mining pool globally at the time, fell victim to a sophisticated breach. The hackers exploited vulnerabilities within LuBian’s wallet security, siphoning off nearly 90% of the pool’s Bitcoin holdings before LuBian could respond.
At the time of the hack, the stolen BTC were valued at approximately $3.5 billion. However, Bitcoin’s relentless upward price trajectory over the following years has pushed the value of the stolen coins to an eye-watering $14.5 billion as of mid-2024, surpassing all previous crypto thefts, including the infamous $1.5 billion #ByBit breach in early 2024.
In a groundbreaking revelation shaking the cryptocurrency world, blockchain investigators from Arkham Intelligence have brought to light the details of a massive #Bitcoin hack that had remained hidden from public view for nearly four years. The victim? LuBian, a once-prominent Chinese Bitcoin ($BTC ) mining pool, which suffered a staggering loss of 127,426 BTC in December 2020—an amount that has since ballooned in value to over $14.5 billion, making it the largest crypto heist in history.
The LuBian Hack: A Colossal Theft Concealed for Years
On December 28, 2020, LuBian, which was ranked as the sixth-largest Bitcoin mining pool globally at the time, fell victim to a sophisticated breach. The hackers exploited vulnerabilities within LuBian’s wallet security, siphoning off nearly 90% of the pool’s Bitcoin holdings before LuBian could respond.
At the time of the hack, the stolen BTC were valued at approximately $3.5 billion. However, Bitcoin’s relentless upward price trajectory over the following years has pushed the value of the stolen coins to an eye-watering $14.5 billion as of mid-2024, surpassing all previous crypto thefts, including the infamous $1.5 billion #ByBit breach in early 2024.
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The analytical company Arkham Intelligence announced that it has discovered the largest theft in history amounting to $BTC . According to experts, in 2020, the Chinese mining pool LuBian lost 127,426 BTC. At that time, their value was approximately $3.5 billion, and at the exchange rate at the time of preparation, the price of the assets exceeds $14.5 billion.
According to #Arkham , the attack occurred on December 28, 2020. The hacker withdrew over 90% of the pool's assets before #LuBian managed to transfer the remaining 11,886 BTC to backup wallets. Despite the scale of the event, information about the theft was not disclosed by either the pool or the perpetrators, and only now have the details come to light.
At that time, LuBian was among the top six largest Bitcoin mining pools. On its website, it called itself the "safest high-yield pool in the world." However, by February 2021, the project suddenly disappeared, which was then attributed to government intervention or a transition to a closed mode of operation.
According to #Arkham , the attack occurred on December 28, 2020. The hacker withdrew over 90% of the pool's assets before #LuBian managed to transfer the remaining 11,886 BTC to backup wallets. Despite the scale of the event, information about the theft was not disclosed by either the pool or the perpetrators, and only now have the details come to light.
At that time, LuBian was among the top six largest Bitcoin mining pools. On its website, it called itself the "safest high-yield pool in the world." However, by February 2021, the project suddenly disappeared, which was then attributed to government intervention or a transition to a closed mode of operation.
🧵Massive BTC Hack Uncovered: LuBian Mining Pool Lost $14.5B
🔍Arkham Intelligence revealed that LuBian, once Bitcoin's 6th largest mining pool, lost 127,426 BTC (~$14.5B today) in a massive hack from Dec 2020—the largest crypto theft at that time.
🚨Over 90% of LuBian’s BTC reserves vanished, forcing the pool to shut down by Feb 2021. Another $6M in BTC & USDT was also stolen from their Omni-layer wallets the next day.
⚙️Arkham suspects flaws in LuBian’s private key generation caused the breach. Only 11,886 BTC (~$1.35B today) survived.
#Bitcoin #Crypto #BTC #LuBian #Web3News
🔍Arkham Intelligence revealed that LuBian, once Bitcoin's 6th largest mining pool, lost 127,426 BTC (~$14.5B today) in a massive hack from Dec 2020—the largest crypto theft at that time.
🚨Over 90% of LuBian’s BTC reserves vanished, forcing the pool to shut down by Feb 2021. Another $6M in BTC & USDT was also stolen from their Omni-layer wallets the next day.
⚙️Arkham suspects flaws in LuBian’s private key generation caused the breach. Only 11,886 BTC (~$1.35B today) survived.
#Bitcoin #Crypto #BTC #LuBian #Web3News
🚨 BREAKING: #ARKHAM UNCOVERS $3.5B HEIST - THE LARGEST EVER #LuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 $BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth approximately $14.5 billion. Neither LuBian nor the hacker have publicly acknowledged the hack. Arkham is the first to report it. Quest: Earn Rewards#ProjectCrypto
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The on-chain analysis company Arkham identified the hacker responsible for the largest cryptocurrency theft in history, which occurred in December 2020. The hacker, nicknamed LuBian, stole a total of 127,426 BTC.
The stolen amount remains in the hacker's possession, who conducted their most recent on-chain activity in July 2024. It is believed that this operation was a merging of addresses. Currently, LuBian still holds 11,886 BTC, valued at approximately 1.35 billion dollars.
Arkham suggests that the theft may have been possible due to a critical vulnerability in the private key generation algorithm used by LuBian, which would be susceptible to brute force attacks.
#LUBIAN
The stolen amount remains in the hacker's possession, who conducted their most recent on-chain activity in July 2024. It is believed that this operation was a merging of addresses. Currently, LuBian still holds 11,886 BTC, valued at approximately 1.35 billion dollars.
Arkham suggests that the theft may have been possible due to a critical vulnerability in the private key generation algorithm used by LuBian, which would be susceptible to brute force attacks.
#LUBIAN
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