Arkham Intelligence Suggests LuBian Bitcoin Hack May Be Largest Crypto Heist Unreported for Years
Main Idea
The LuBian mining pool suffered the largest crypto heist in 2020, with 127,426 BTC stolen due to a vulnerability in its private key generation algorithm, now valued at approximately $14.5 billion.
Key Points
1. The LuBian hack occurred on December 28, 2020, targeting the sixth-largest BTC mining pool at the time.
2. Hackers exploited a weak private key generation algorithm, enabling a brute-force attack to steal 127,426 BTC.
3. The stolen Bitcoin was initially valued at $3.5 billion in 2020 but is now worth around $14.5 billion.
4. LuBian used OP_RETURN messages in transactions to trace the stolen funds, aiding Arkham Intelligence in mapping the illicit activity.
5. Prior to this revelation, the ByBit exchange hack in February 2025, which resulted in a $1.5 billion loss, was considered the largest crypto breach.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The LuBian mining
Latest News
- Bitcoin Dips Below $112,000 Amid 0.55% 24-Hour Decline, Ethereum Also Sees Drop2025-08-03 00:50:36
- Corporate Bitcoin Purchases May Surpass ETF Inflows in 2025, Indicating Shifts in Treasury Strategies2025-08-03 00:28:49
- Bitcoin Theft of $3.5 Billion Uncovered by Arkham Intelligence Highlights Potential Exchange Security Risks2025-08-03 00:28:18
- BlackRock’s Ethereum ETF Shows Potential Resilience Amid Market Dip and Zero Outflows2025-08-03 00:26:47
- BTC Short Liquidations Could Hit $2.2 Billion if Price Surpasses $118,136, Coinglass Data Shows2025-08-03 00:14:59