The on-chain analysis company Arkham identified the hacker responsible for the largest cryptocurrency theft in history, which occurred in December 2020. The hacker, nicknamed LuBian, stole a total of 127,426 BTC.
The stolen amount remains in the hacker's possession, who conducted their most recent on-chain activity in July 2024. It is believed that this operation was a merging of addresses. Currently, LuBian still holds 11,886 BTC, valued at approximately 1.35 billion dollars.
Arkham suggests that the theft may have been possible due to a critical vulnerability in the private key generation algorithm used by LuBian, which would be susceptible to brute force attacks.
