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Blockbuster Bitcoin Theft by LuBian Uncovered by Arkham

Blockbuster Bitcoin Theft by LuBian Uncovered by Arkham

TokenTopNewsTokenTopNews2025/08/04 03:31
By:TokenTopNews
Key Points:
  • Arkham uncovers $3.5B Bitcoin theft from LuBian Mining Pool.
  • The stolen Bitcoin is now valued at $14.5B.
  • LuBian’s collapse unrelated to public market shock.
Blockbuster Bitcoin Theft by LuBian Uncovered by Arkham

Arkham Intelligence revealed that 127,426 BTC, worth $3.5 billion at the time, was stolen from LuBian Mining Pool in December 2020 and remained undetected until 2025.

The incident highlights vulnerabilities in Bitcoin custodial systems, affecting market trust and underlining the need for enhanced security measures in the cryptocurrency sector.

Largest Unreported Bitcoin Theft Revealed

The largest unreported Bitcoin theft has been revealed, involving the LuBian Mining Pool . Recently, blockchain analytics firm Arkham uncovered this event, where 127,426 BTC worth $3.5 billion were stolen in late December 2020. Arkham discovered that neither LuBian nor the hacker publicly acknowledged the breach, which remained undetected for nearly five years. Currently, the stolen Bitcoin’s value has escalated to approximately $14.5 billion, reflecting significant financial involvement.

The incident has stirred the crypto community, drawing questions about security measures within mining pools. Despite the enormity of the theft, there have been no immediate liquidity shocks in public markets, as the assets remain dormant.

“We have uncovered what appears to be the largest unreported Bitcoin theft in history involving 127,426 BTC from the LuBian mining pool, active as of late 2020. The stolen funds have not been moved and remain dormant, highlighting ongoing risks in early Bitcoin custodial infrastructure.” — Arkham Intelligence, Blockchain Analytics Firm

This Bitcoin theft exceeds previous high-profile hacks like Mt. Gox and Bitfinex. Notably, LuBian’s situation did not trigger major regulatory or institutional policy responses, highlighting potential challenges in governance and oversight within the crypto sector.

Speculations suggest that Bitcoin custody and infrastructure require significant improvements. While historical data from previous crypto incidents provide context, experts indicate further analysis is needed to establish robust security frameworks, preventing future breaches of this magnitude. As discussions evolve, potential financial, regulatory, and technological reforms might emerge. Data analyses , akin to Arkham’s findings, emphasize the importance of enhancing blockchain security protocols to deter similar threats and safeguard digital assets effectively.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Largest BTC Theft in History: After 5 Years of Silence, the Involved Amount Reached $14.5 Billion

LuBian Pool was hacked in December 2020, with over 127,000 BTC stolen, valued at $3.5 billion at the time, now worth approximately $14.5 billion.

BlockBeats2025/08/04 06:52
The Largest BTC Theft in History: After 5 Years of Silence, the Involved Amount Reached $14.5 Billion