BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO BITCOIN

$14.5B Bitcoin Mystery: Chinese Mining Pool May Have Been Hit in Largest BTC Heist Ever

by Drop Gorn
August 2, 2025
in BITCOIN, CRYPTO, OPINION
Reading Time: 3 mins read
A A
4
SHARES
64
VIEWS
Share on XShare in TelegramShare on Reddit
  • 127,426 BTC stolen from LuBian Mining Pool in late 2020—worth $14.5B today.
  • On-chain messages from LuBian begged the hacker to return funds.
  • The stolen BTC has barely moved in almost four years. Still no ID on the attacker.

Turns out one of the biggest Bitcoin thefts in history might’ve flown completely under the radar. According to new intel from Arkham, a crypto wallet tied to a low-profile Chinese mining pool—LuBian—was quietly drained of 127,426 BTC back in December 2020. That’s over $3.5 billion at the time. No headlines, no statements. Just… vanished.

And nobody talked about it. Until now.

The Hack That (Somehow) No One Knew About

Arkham dropped a thread on August 2 that’s got folks talking. Their team says they’ve connected the dots between this massive outflow and LuBian—a mining pool that, back in 2020, controlled nearly 6% of Bitcoin’s hash rate. So yeah, not exactly small fries.

On December 28, 2020, LuBian’s wallet got wrecked. Over 90% of their BTC disappeared. Gone. Two days later, another breach happened—$6M in BTC and USDT, traced back to an address running on Bitcoin’s Omni layer. Things just kept spiraling.

By December 31, whatever coins were left—roughly 11,886 BTC—were shoved into recovery wallets. But by then, most of the treasure was long gone.

BREAKING: ARKHAM UNCOVERS $3.5B HEIST – THE LARGEST EVER

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… pic.twitter.com/PnIOKgMt0i

— Arkham (@arkham) August 2, 2025

They Even Tried Messaging the Hacker on the Blockchain

Here’s where it gets weird. Arkham found that LuBian actually tried talking to the hacker. They used something called OP_RETURN messages—basically notes written onto the Bitcoin blockchain—to beg the attacker to return the coins. In total, they spent 1.4 BTC on over 1,500 of these messages.

That’s not normal behavior for a scammer trying to fake a hack. It strongly suggests the original wallet owner was desperate and legit.

Arkham suspects LuBian may’ve messed up their key generation process—probably something weak in the way private keys were created, which left them vulnerable to brute-force cracking. If true, that’s a brutal way to lose billions.

The Coins Are Still Out There… Sitting Quietly

Since then? Crickets. Most of the stolen BTC has barely moved, aside from one wallet shuffle in July 2024. But now, thanks to BTC’s price surge, the loot is worth around $14.5 billion. That makes this mystery wallet the 13th biggest BTC holder ever recorded. Bigger than even Mt. Gox’s hacked stash.

Arkham has set up trackers for both the suspected hacker wallet and what’s left of LuBian’s stash. As of now, no names have been confirmed. No one’s been caught. And no coins have come home.

If this really is the biggest Bitcoin heist in history, it’s also the quietest. And that’s… kinda eerie.

Tags: $BTCArkhamBitcoinLuBianMt. Gox
Tweet1ShareShare
Previous Post

From Meme to Milestone, Here is Everything You Need to Know About the Shiba Inu Journey

Next Post

Ethereum Whales Dump $93M in 48 Hours—Brace for Impact?

DON'T MISS THESE! HOT OFF THE PRESS

President Trump Threatens India with Higher Tariffs: Here is What Happened
FINANCE

President Trump Threatens India with Higher Tariffs: Here is What Happened

August 4, 2025
Solana’s Slide Might Be a Setup — Long-Term Holders Are Buying the Dip
CRYPTO

Solana’s Slide Might Be a Setup — Long-Term Holders Are Buying the Dip

August 4, 2025
XRP’s Wild Ride: From $3.65 Glory to a Harsh Reality Check
CRYPTO

XRP’s Wild Ride: From $3.65 Glory to a Harsh Reality Check

August 4, 2025
XRP Loses Ground as Bitcoin Slides — But Is $2.6 the Bounce Zone?
CRYPTO

XRP Loses Ground as Bitcoin Slides — But Is $2.6 the Bounce Zone?

August 4, 2025
Ethereum Just Rallied 60%—But Is This the Calm Before Another Blast-Off?
CRYPTO

Ethereum Just Rallied 60%—But Is This the Calm Before Another Blast-Off?

August 4, 2025
Metaplanet Keeps Stacking: 463 More BTC Added, Eyes 210K Long-Term
BITCOIN

Metaplanet Keeps Stacking: 463 More BTC Added, Eyes 210K Long-Term

August 3, 2025
Load More

Related News

President Trump Threatens India with Higher Tariffs: Here is What Happened

President Trump Threatens India with Higher Tariffs: Here is What Happened

August 4, 2025
Solana’s Slide Might Be a Setup — Long-Term Holders Are Buying the Dip

Solana’s Slide Might Be a Setup — Long-Term Holders Are Buying the Dip

August 4, 2025
XRP’s Wild Ride: From $3.65 Glory to a Harsh Reality Check

XRP’s Wild Ride: From $3.65 Glory to a Harsh Reality Check

August 4, 2025
XRP Loses Ground as Bitcoin Slides — But Is $2.6 the Bounce Zone?

XRP Loses Ground as Bitcoin Slides — But Is $2.6 the Bounce Zone?

August 4, 2025
Ethereum Just Rallied 60%—But Is This the Calm Before Another Blast-Off?

Ethereum Just Rallied 60%—But Is This the Calm Before Another Blast-Off?

August 4, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs opinion PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.