$14 billion Chinese Bitcoin mining pool theft exposed as biggest crypto hack ever

In December 2020, hackers stole 127,426 BTC from LuBian mining pool, initially valued at 3.5 billion USD. Arkham’s investigation indicates significant flaws in LuBian’s key generation processes that facilitated the breach.

The stolen BTC remains untouched, allowing the hacker to become the 13th largest BTC holder worldwide. This incident underscores the importance of robust security measures in the crypto mining landscape.

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