Arkham reveals $ 3.5B Bitcoin theft: the biggest encryption theft in history? star-news.press/wp

Arkham Intelligence, a pioneering company in Blockchain data analysis, has recently unveiled one of the largest bitcoin speeds in history. According to their latest investigations, its data reveals the series that 127,426 BTC was stolen from Lubian, a Chinese mining group with operations in China and Iran, in December 2020. At that time, stolen assets were estimated at about $ 3.5 billion. However, with the increase in bitcoin prices over the past few years, the value of the stolen money is now estimated at $ 14.5 billion.

Lubian, who was previously a major player in Bitcoin Global Mining Ecosystem, publicly did not recognize the hack, and the infiltrator did not advance. The stolen money remained asleep and hidden from the audience’s attention until Arkham re -realized them to the spotlight. This revelation sparked an intense debate within the encryption community on the ongoing security risks inside the industry, especially in mining and guard operations.

The huge scale of this theft makes it the biggest bitcoin theft so far, transgressing even the notorious Mount Gox (25,000 BTC). As Arkham continues to track the movements of these funds, the accident raises urgent questions about transparency, cybersecurity and global weaknesses in the global encryption infrastructure.

How looked more than 127000 BTC to a major weakness

Lopen, one of the largest bitcoin mining gatherings in the world, dominated nearly 6 % of the total network division rate as of May 2020. However, their emergence was shattered by a catastrophic security breach that Arkham Intelligence recently Exposed to. According to Arkham analysis, Lubian was first penetrated on December 28, 2020, losing more than 90 % of their BTC reserves in one exploitation. Just one day later, on December 29, an additional $ 6 million in BTC and USDT was st the active on the Bitcoin omni.

In a desperate attempt to recover their money, Lubian rotated the remaining assets to the recovery portfolios on December 31. Especially, Lopen tried to communicate with the infiltrators directly via Blockchain, and send the OP_RUTURN messages included in the transactions. They spent 1.4 BTC via 1,516 transaction to broadcast these calls, which is a clear indication that these were legitimate recovery attempts and not the result of another malicious actor with their keys.

Arkham’s investigation indicates a decisive defect in the private key generation in Lopen practical. Lopen seems to have used an algorithm vulnerable to brute attacks, a weakness that the infiltrators of the siphon 127426 BTC exploited. Despite the tremendous theft, Lubian managed to maintain 11886 BTC – currently valued at $ 1.35 billion – which is still in control.

As for the stolen BTC, Arkham stated that the last known activity of the infiltrator was tantamount to unifying the wallet in July 2024. The stolen coins were not washed or dispensed, while preserving the encryption community at a state of maximum alert. This breach highlights the continuous risks of Blockchain safety, but also emphasizes the need for major strict management practices throughout the industry.

Bitcoin Weekly will determine the August tone

Bitcoin is close to a weekly closure after an experiment of collapse from the scope of monotheism. The price decreased to less than the main support level of $ 115,724, reaching the lowest local level of $ 112.104. Currently, BTC is trading about $ 112,726, higher than a 50 -day weekly moving average at 90,459 dollars, with 100 -day mobile averages and 200 days less than the current price, indicating a long -term long -term direction.

However, the rejection near the resistance of $ 122,000 highlights a potential transformation of the momentum with the sale of pressure. A weekly closure is less than a mark of $ 115,724, which would confirm a two-week collapse, which may open the door for more negative aspect towards a $ 110,000-112 thousand dollar region. This level, which was previously working as a collapse area in late June, could now serve as a decisive demand support.

On the other hand, if Bulls managed to recover $ 115,724 before closing on Sunday, this will indicate strength and flexibility, nullify the collapse and maintain the intact bullish structure. The size of the moderate during this decline was, indicating that the step is more corrective than the reflection of the direction. The next 48 hours will be decisive, as the weekly closure is likely to determine the Bitcoin trend for the coming weeks.

Distinctive image from Dall-E, the tradingView graph

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