Arkham: LuBian’s $3.5B 2020 Bitcoin Hack Now Worth $14.5B

Arkham: LuBian’s $3.5B 2020 Bitcoin Hack Now Worth $14.5B

A crypto wallet tied to a little-known Chinese mining pool may have been the victim of the largest bitcoin theft ever recorded, according to new findings from Arkham Intelligence.In an Aug. 2 thread on X, the onchain analytics firm said it had uncovered evidence that 127,426 BTC — worth $3.5 billion at the time — was stolen from LuBian Mining Pool in late December 2020. Neither LuBian nor the suspected hacker has ever publicly acknowledged the b…

Arkham Uncovers The Largest Bitcoin Heist Linked to Chinese Mining Pool

Blockchain analytics firm Arkham has revealed that a previously unknown hack of Chinese mining pool LuBian in December 2020 resulted in the theft of 127,426 BTC worth around $3.5 billion at the time. This makes it the largest crypto theft in history, Arkham stated, and the haul today would be worth a whopping $14.5 billion. “Neither LuBian nor the hacker has publicly acknowledged the hack,” the firm stated. BREAKING: ARKHAM UNCOVERS $3.5B HEIST…

Arkham Reveals $3.5 Billion Bitcoin Theft From LuBian

Blockchain analytics firm Arkham Intelligence shocked the industry by disclosing that approximately $3.5 billion worth of Bitcoin was reportedly stolen in connection with the Chinese OTC desk LuBian. This hack, one of the largest documented BTC thefts to date, allegedly involved sophisticated laundering transactions designed to obfuscate the source and destination of the funds. According to Arkham’s research, the incident traces back through mul…

Lubian suffers in silence, Arkham reveals gaping holes in crypto oversight

Lubian in trouble as previously unreported Bitcoin theft from late 2020 has now been revealed as the largest crypto hack in history.