The theft, an unpounted bitcoin theft since the end of 2020, has been manifested as the largest crypto hack in history.
Blockchain Intelligence firm Arakham, 127,000 BTC – for a new analysis of $ 3.5 billion at that time – was extracted from Chinese mining pool Lubian on December 28, 2020.
Lubian, a top -10 bitcoin mining pool that controlled about 6% of the global hash rate, suddenly stopped in early 2021. Iran, where many lubian mining machines were believed to operate.
Arakham’s findings now point to disastrous safety failure as a real reason. The firm believes that hack has been steam from weak private major methods.
Lubian has muted Mutdown
Despite losing all his bitcoin holdings, Lubian never revealed the incident, nor does the hacker ever propagate the theft. In a desperate recovery attempt, Lubian issued more than 1,500 small bitcoin transactions, which consists of arguments for the refund of stolen property. The pool also made the remaining 11,880 BTC designed in a recovery wallet.
The hacker has not attempted stolen coins, which are different from the 2024 consolidation in a new wallet address. Arkham’s report increases new concerns on transparency and operational safety among major crypto infrastructure players -as billions in assets through centralized admission with medium inspection -cosmopolitically.
The Khoj redefined the scale of crypto’s biggest known heir and Lubian’s missing 2020 missing Lubian in a new, more trucking light. The attack of the attacker and the exact vector of exploitation continues.