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 Hack of the "LuBian" platform: The hacker still holds 14 billion dollars worth of Bitcoin four years after the largest silent digital theft

A recent report from "Arkham" revealed shocking details regarding a massive hack that targeted the secret Chinese mining platform "LuBian" in December 2020, resulting in the theft of 127,426 Bitcoins, now valued at over 14 billion dollars.

Notably, the hacker has not cashed out any of this stockpile so far, more than four years later.

The hack, which exploited a weak algorithm for generating private keys, resulted in the theft of more than 90% of the platform's assets.

At that time, the "LuBian" platform represented about 6% of the hash rate on the Bitcoin network, and it did not publicly disclose the attack, making the case one of the longest and largest digital thefts that remained under wraps.

"LuBian" attempted to recover the funds through messages embedded in Bitcoin transactions but failed and stopped mining altogether by March 2021.

The decision is believed to have come as a result of the hack, alongside the Chinese and Iranian crackdown on mining operations.

Today, the hacker has become one of the top 15 Bitcoin holders globally, even surpassing those involved in the "Mt Gox" exchange scandal.