Hacker is still $ 14 billion in Bitcoin stolen from a large scale 2020 lubian attack: Arkham

In 2020, a huge theft of 127,426 bitcoins (BTC) from the secret Chinese mining pool Lubian, which was unheard of today, has given rise to concerns in the Crypto community as the hacker still holds a full stand. Four years after the incident.

According to a new report by Arkham Intelligence, the stolen BTC Stash, at that time the value of $ 3.5 billion, is now $ 14 billion.

It seems that Lubian was using an algorithm to generate his private keys that were felt for cruel-force attacks. This can be an exploited vulnerability by hackers.

Lubian protection is 11,886 BTC, currently $ 1.35B value, which they still hold. Hacker too … pic.twitter.com/adwpgllio1

– Arkham (@arkham) August 2, 2025

It is not only the largest Crypto Warist in history, but also in the longest living matters. Lubians, which have about 6% of the network hash rate of bitcoin in May 2020, have never revealed the brake in public.

Inside the biggest crypto heir

As detected by Arkham, hack occurred on December 28, 2020, with more than 90% of Lubian’s BTC holdings. Arkham suggests that Lubians used an unsafe algorithm to generate private keys, which makes them unsafe for cruel-battle attacks.

The next day of the attack, a lubian-linked address is a list of an additional $ 6 million on the bitcoin and USDT.

On 31 December, Lubian transferred the remaining 11,886 bitcoins, which is currently about $ 1.3 billion, which is in the recovery wallet.

After the hack, the firm broadcast messages in 1,516 bitcoin transactions, which request the withdrawal of stolen funds, speaking 1.4 bitcoins in the process.

Since a wallet consolidation in July 2024, the 127,426 BTC hacker stash remains untouched, which sits on Lubian’s holdings 11,886 BTC. Unknown exploiter has climbed 13th among the top BTC holders, which has overtaken the notorious MT. Gox hacker.

Lubian stopped mining in early 2021

Hack can explain why Lubians quietly disappeared from the bitcoin network in early 2021. Compared to violating this scale.

Mempool.space, Casted for data on March 1, 2021 for data from Lubian’s final known mining activity, when it mines the bitcoin block 672,636.

At the time, the stopping industry supervisors were associated with the clampdown of China and Iran on crypto mining. Those areas are believed to be considered an active area of Lubian.

Chinese launched a crack on bitcoin mining and trading in May 2021, followed by several provinces or ordered a shutdown of mining operations through June.

As of September 2021, Chinese authorities issued a nationwide notice, declared a “obsolete” industry, which is effectively banning the twoing and trading.