Currently the biggest crypto theft in history is recognized as theft, the Chinese bitcoin mining pool Lubian was a video of 127,426 BTC Heest in December 2020.
At the time, the theft bitcoin was priced at $ 3.5 billion, but with the current price hike of BTC, the price of HUL is now $ 14.5 billion, an accident for blockchain analytics firm Arkham Intelligence.
Lubian, a prominent player who controls 6% of the bitcoin network’s hash rate, mysteriously disappeared in early 2021. A large -scale, unknown cyber violations as the real cause.
BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview
A flawed private key and a silent giant
Hackers report reported weak private key generation, a fundamental safety defect that allowed them to over 90% of Lubian’s BTC in a single attack on 28 December, 2020. Million in BTC and USDT, another lubian-linked wallet was working on the bitcoin omni layer.
In a desperate attempt to recall the fund, more than 1,500 lubician issues are embedded with the issue OP__turns messages, arguing the attacker to return the BTC directly the stolen. Despite these efforts, there was no response.
Today, the wallet of that hacker has become largely untouched, its final important proposal is a wallet consolidation in July 2024. Existence, beyond notorious MT. Gox hacker.
How Bitcoin Hest Crypto indicates security
This massive violation not only crosses all previous crypto hacks, including $ 1.5 billion exploitation of $ 2025, but also highlights deep weaknesses in the old blockchain infrastic and private and private key protocols.
In the first half of 2025, $ 3.1 billion Ali lost to Crypto Hack, experts are exchanging mining pools and security provinces.
Rejuvenation as a lubian case, IT serves as a Stark Reminder: in Crypto, the cost of weak security remains billions, and hidden for years.
Cover image from Chatgpt, Btcusd Chart from Trading Cav
Editorial process Focus on giving well, accurate and fair content for bitcoinists. We maintain strict sourcing standards, and each page undergoes hardworking review by our team of top technology experts and experienced editors. This process ensures the integration, relevance and value of our content for our readers.