Crypto has seen it all — overnight millionaires, massive hacks, and wild scams. But few stories match the scale and mystery of what’s now being called the largest Bitcoin theft ever recorded.
Back in December 2020, a major Bitcoin mining company named LuBian—which contributed significantly to the global mining network—fell victim to a devastating cyberattack.
Within hours, hackers managed to drain 127,426 BTC, worth around $3.8 billion at the time. Incredibly, the theft went unnoticed for years.
It wasn’t until August 2025 that blockchain analytics firm Arkham Intelligence uncovered the truth. Today, those stolen coins are sitting in a single wallet—now valued at over $15 billion—untouched for nearly five years.
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How the Heist Happened
Investigations revealed that LuBian’s private key generation system was flawed. This weakness allowed hackers to guess the keys and quietly transfer the Bitcoin without triggering alarms.
Desperate to recover the funds, LuBian moved its remaining BTC and sent more than 1,500 blockchain messages pleading with the hacker to return the coins. The pleas went unanswered.
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The Ghost Wallet
Since the attack, the stolen Bitcoin has never moved. No transactions, no withdrawals—nothing. This inactivity has fueled endless speculation:
Too risky to move: Transferring such a large amount could be tracked instantly.
Lost access: The hacker may have lost the private keys.
A long game: Perhaps they’re waiting for the perfect time to cash out.
No one knows for sure.
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Lessons for the Crypto World
This case is a stark reminder of two truths:
1. Security is everything — even industry leaders can make billion-dollar mistakes.
2. Blockchain is permanent — every coin’s history is traceable, but that doesn’t mean stolen assets can easily be recovered.
As the stolen BTC remains frozen in this “ghost wallet,” the question lingers:
Will it ever move again—or is this the eternal treasure chest of the crypto world?
#Bitcoin #CryptoNews #BlockchainSecurity