Bitcoin Faces Massive Heist: LuBian Mining Pool Loses 127,426 BTC
Main Idea
Arkham Intelligence revealed that 127,426 BTC were stolen from the LuBian Mining Pool in late 2020, marking one of the largest Bitcoin heists in history.
Key Points
1. The theft occurred on December 28, 2020, with over 90% of the pool's Bitcoin transferred in a single transaction.
2. LuBian management attempted to communicate with the attackers using the Bitcoin network's OP_RETURN function, sending over 1,500 messages.
3. A potential security flaw in LuBian's private key generation algorithm may have contributed to the breach.
4. The stolen Bitcoin, now worth approximately $14.5 billion, remains unreturned, and no identities have been disclosed.
5. This incident is one of the largest Bitcoin thefts, comparable to the Mt. Gox case.
Description
Arkham Intelligence unveiled a significant Bitcoin theft from LuBian Mining Pool. 127,426 BTC were stolen, with current value reaching approximately 14.5 billion dollars. LuBian employed a flawed security algorithm, possibly exposing it to attacks. Continue Reading: Bitcoin Faces Massive Heist: LuBian Mining Pool Loses 127,426 BTC The post Bitcoin Faces Massive Heist: LuBian Mining Pool Loses 127,426 BTC appeared first on COINTURK NEWS .
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