Arkham Investigation Suggests Possible $3.5B Bitcoin Theft by LuBian Uncovered After Years

Key Points

1. Arkham's forensic analysis uncovered that LuBian’s Bitcoin wallets were compromised, resulting in a $3.5 billion theft.

2. The theft remained undetected for almost five years, exposing critical vulnerabilities in blockchain security.

3. Experts compare the LuBian theft to the Mt. Gox hack, emphasizing the need for enhanced security frameworks and regulatory measures.

4. Recent wallet activity showed a transfer of $6 million in assets, but no official statements have been issued by LuBian or Arkham’s leadership.

5. The incident has raised industry-wide concerns about crypto security and the importance of learning from past hacks to implement better protective strategies.