🚨 Breaking news: Arkham Intelligence has uncovered a massive Bitcoin heist from Chinese mining pool LuBian, which occurred in December 2020. Hackers stole 127,426 BTC, worth $3.5 billion at the time, and now valued at a staggering $14.5 billion. This incident has become the largest crypto hack in history, surpassing the $1.5 billion Bybit hack in February 2025.

*Key Details:*

- *Date of Hack*: December 28, 2020

- *Amount Stolen*: 127,426 BTC (worth $14.5 billion today)

- *Current Status*: The hacker still holds the stolen funds, which have remained untouched since a wallet consolidation in July 2024

- *Possible Vulnerability*: LuBian's weak private key generation algorithm, making it susceptible to brute-force attacks

*Aftermath:*

- LuBian stopped mining operations in early 2021, likely due to the hack and China's crackdown on crypto mining

- The pool had controlled nearly 6% of Bitcoin's network hash rate in May 2020

- The hack has sparked concerns about security protocols in cryptocurrency mining operations

*Investigation Findings:*

- Arkham Intelligence used on-chain analysis to track the stolen funds

- LuBian attempted to contact the hacker through Bitcoin's OP_RETURN feature, sending 1,516 messages across two transactions

- The hacker has become the 13th largest BTC holder globally, outranking the infamous Mt. Gox hacker .

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