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Massive BTC Heist After Years.
A massive theft of 127,426 BTC (currently valued at $14.5 billion) from the mining group LuBian has been uncovered, five years after the incident.
The hacker, now the thirteenth largest holder of Bitcoin, consolidated the funds in July 2024.
Market concerns are rising with BTC trading at $114,000 amid bearish indicators.
Details of the LuBian HackCritical Developments 🔍
• Exploitation of a flaw in private key generation allowed the theft in 2020
• LuBian spent 1.4 BTC on 1,516 OP_RETURN messages attempting to recover the funds
• The investigation revealed by Arkham Intelligence highlights sector vulnerabilities Arkham Research.
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