#Arkham Intelligence Exposes $14.5 Billion $BTC Theft From Chinese Mining Pool #LuBian


$BTC 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 $BTC 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.

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August 03, 2025 at 9:04 PM
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