🕵️♂️ Summary: The Largest Bitcoin Heist – LuBian's Silent Breach
🔹What happened:
Arkham Intelligence has revealed one of the biggest Bitcoin thefts in history — 127,426 BTC were stolen from LuBian, a Chinese mining pool, in December 2020.
🔹Value of the stolen BTC:
At the time: approx. $3.5 billion
Now: worth around $14.5 billion, due to Bitcoin's price increase
🔹Details:
LuBian once controlled about 6% of the Bitcoin network’s hash rate
The company never acknowledged the hack publicly
The hacker remains unidentified
Over 90% of LuBian’s BTC reserves were lost
LuBian still holds around 11,886 BTC, valued at $1.35 billion
🔹Cause of the breach:
Arkham’s investigation points to a flaw in LuBian’s private key generation, which was exploited by the attacker.
🔹Current status:
The stolen BTC has not yet been laundered, keeping the crypto community on high alert.
🔹Bitcoin market context:
Bitcoin is currently trading around $112,726, with important support and resistance levels indicating potential volatility ahead.
