Arkham uncovers the largest Bitcoin heist ever – 127,426 BTC stolen from Chinese mining pool LuBian in Dec 2020

Arkham uncovers the largest Bitcoin heist ever – 127,426 BTC stolen from Chinese mining pool LuBian in Dec 2020

Valued at $3.5 B then, it’s now worth ~$14.5 B, making the hacker the 13th largest BTC holder on-chain. Neither LuBian nor the hacker has commented.

LuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth approximately $14.5 billion.

Neither LuBian nor the hacker have publicly acknowledged the hack. Arkham is the first to report it. Details below:

LuBian was one of the world’s largest mining pools in 2020, controlling almost 6% of the Bitcoin network’s total hash-rate as of May 2020. They appear to have been first hacked on December 28th, 2020 for over 90% of their BTC. Subsequently, on December 29th, around $6M of additional BTC & USDT was stolen from a Lubian address active on Bitcoin Omni layer. On the 31st, LuBian rotated their remaining funds to recovery wallets.

Source: https://x.com/arkham/status/1951729790299394113