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2d ago

Blockchain Forensics Uncover $14.5 Billion LuBian Mining Pool Bitcoin Heist

Arkham Intelligence traced the breach to a flawed key-generation algorithm that left 127,426 BTC untouched since July 2024

Hacker still holds $14 billion in stolen Bitcoin from massive 2020 LuBian attack Arkham
LuBian's massive 2020 Bitcoin heist comes to light: 127K BTC lost forever
Arkham says $3.5b lubian bitcoin theft went undetected for nearly five years
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Overview

  • Arkham Intelligence publicly disclosed on August 2 that 127,426 BTC were stolen from LuBian Mining Pool between December 28 and 30, 2020.
  • Those coins, worth $3.5 billion at the time, have since appreciated to approximately $14.5 billion, making it the largest bitcoin theft on record.
  • LuBian secured its remaining 11,886 BTC by transferring them into recovery wallets on December 31, 2020.
  • The pool’s operators used over 1,500 OP_RETURN transactions, spending 1.4 BTC to message the hacker and request the return of funds.
  • Arkham’s wallet trackers show the hacker’s consolidated balance remains untouched, ranking them as the 13th-largest bitcoin holder.