🚨 $14 million stolen from a Chinese Bitcoin mining pool reveals the largest hack in cryptocurrency history! 💥🔓

In December 2020, 127,426 Bitcoins were stolen from the Chinese mining pool LuBian, valued at the time at $3.5 billion, and today their value has reached $14.5 billion due to the rising price of Bitcoin! 💰🚀

LuBian hack: the largest in the crypto world

LuBian was operating mining operations in China and Iran, controlling about 6% of the total Bitcoin mining power (hash rate). ⚡️⛏️

More than 90% of their Bitcoins were stolen on December 28, 2020, with additional theft two days later from an address linked to Omni Layer technology.

The stolen funds remained inactive until July 2024, then consolidated in one place. 🔒📅

Arkham's research revealed distress messages from LuBian through thousands of transactions urging the retrieval of the stolen funds. 📩🔍

It is believed that the reason was a weakness in the private key generation algorithm, allowing hackers to access the keys via a brute force attack. 🗝️⚔️

LuBian still holds about 11,886 Bitcoins (worth $1.35 billion). 💼

As for the hackers, they have not moved their stolen funds, making them now some of the largest Bitcoin holders in the world! 🌍💎

This hack surpasses Bybit's record of $1.5 billion in February 2025. 📉🔥

🔐 This revelation highlights the necessity to update and protect mining systems and digital currency infrastructure, especially the older ones.