Arkham Intelligence has revealed one of the most significant Bitcoin thefts in history, involving 127,426 BTC stolen from LuBian, a Chinese mining pool, in December 2020. Initially valued at $3.5 billion, the stolen assets are now worth approximately $14.5 billion due to Bitcoin's price increase. LuBian, which once held nearly 6% of the Bitcoin network's hash rate, never acknowledged the hack, and the hacker has remained anonymous. The breach, which saw over 90% of LuBian's BTC reserves lost, has reignited discussions about security vulnerabilities in the crypto industry. Despite the theft, LuBian retained 11,886 BTC, valued at $1.35 billion. Arkham's investigation indicates a flaw in LuBian's private key generation process, exploited by hackers. The stolen funds have not yet been laundered, keeping the crypto community vigilant. Meanwhile, Bitcoin's price is fluctuating around $112,726, with critical support and resistance levels indicating potential future movements. Read more AI-generated news on: https://app.chaingpt.org/news

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