📢🚨 "The biggest hack in history: $14.5 billion Bitcoin stolen from a Chinese mining pool"🔥
"The largest theft in the world of cryptocurrencies: $14.5 billion in Bitcoin"
Arkham Intelligence has revealed the largest cryptocurrency hack in history, where 127,426 Bitcoins were stolen from the Chinese mining pool LuBian in December 2020. The value of the stolen Bitcoin is now approximately $14.5 billion, making it the largest cryptocurrency hack ever.
*Details of the hack:*
- *Mining pool:* LuBian, which is a Chinese mining pool with facilities in China and Iran.
- *Value of stolen assets:* $14.5 billion.
- *Cause of the hack:* LuBian is suspected of using a flawed key generation algorithm, exposing its private keys to brute force attacks.
- *Fate of the funds:* The stolen funds have not been recovered yet and remained dormant until a gathering occurred in July 2024.
This hack surpasses the previous record of the Bybit hack valued at $1.5 billion in February 2025. This incident underscores the importance of enhancing key security and cryptocurrency infrastructure, especially among older mining operations.
