The $14.5 Billion Bitcoin Theft: How LuBian Lost 127,426 BTC

Description

In 2020, 127,426 BTC—then worth about $3.5 billion—were stolen from the LuBian mining pool. At current prices, the value of the stolen bitcoins is approximately $14.5 billion. According to Arkham, the theft was made possible by a vulnerability in LuBian's private key generation process. The analytics company Arkham Intelligence said it has discovered the largest Bitcoin theft in history. According to experts, in 2020, the Chinese mining pool LuBian had 127,426 BTC stolen. At that time, the value...