Bitcoin News: Arkham Intelligence Exposes $14.5 Billion Bitcoin Theft From Chinese Mining Pool LuBian
Bitcoin News: Bitcoin worth $14.5 billion was quietly stolen from Chinese mining pool LuBian in December 2020, blockchain analytics firm Arkham Intelligence has revealed.
The massive heist involved 127,426 BTC, making it potentially the largest crypto theft by dollar value at the time of the attack.
LuBian had rapidly grown to become the sixth-largest Bitcoin mining pool before suddenly disappearing in February 2021.
Arkham believes hackers exploited vulnerabilities in LuBian's private key generation algorithm through brute-force attacks.
The stolen funds have remained untouched since July 2024, while LuBian still holds 11,886 BTC worth $1.35 billion.
LuBian attempted to negotiate with the attackers through Bitcoin transactions, offering rewards for asset return, but received no known response.
