# 🚨 Hack of Lubean: Uncovering the Largest Cryptocurrency Theft

Arkam identified the hacker behind the massive Lubean theft in 2020 of 127,426 Bitcoin - the largest cryptocurrency theft ever! 💰

## Key Points:

1. The hacker still holds all the stolen assets

2. Recent activity was observed in July 2024 (address consolidation) $ETH $BTC $BNB

3. Lubean still possesses 11,886 Bitcoin (~1.35 billion dollars)

4. Potential vulnerability: a weak private key generation algorithm

## Market Impact:

Considering the recent price movement of Bitcoin, we have seen volatility with prices dropping from ~114 thousand dollars to ~112 thousand dollars before a slight recovery. This news could create more uncertainty in the market.

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The information mentioned above has been researched and summarized and does not constitute investment advice.

#BNBATH #DELABSBinanceTGE #ETHCorporateReserves #MarketPullback #EthereumTurns10