BREAKING: Largest Bitcoin Hack in History $14.5B Stolen from Chinese Mining Pool LuBian.
In a shocking revelation by Arkham Intelligence, Chinese mining pool LuBian was the silent victim of the biggest Bitcoin theft ever recorded a staggering 127,426 BTC, stolen in December 2020.
At the time, the loot was worth $3.5B. Today, it's valued at $14.5B, pushing this breach past Bybit's recent $1.5B hack.
Key details:
LuBian's private key algorithm was vulnerable to brute-force attacks.
Hackers drained 90% of its wallets in one night.
Despite 1,516 on-chain pleas from LuBian, the hackers stayed silent.
The stolen BTC remains largely untouched, placing the thief among the top 15 BTC holders globally.
In comparison, Bybit's February 2025 hack saw funds swapped via DEXs and mixers. But LuBian’s breach is on an entirely different scale.
Another critical reminder for the crypto world: Security flaws in wallet generation can be catastrophic.
DYOR
