14.5 billion dollars of Bitcoin exposed: the Chinese mining giant Lubian is linked to the largest theft of encryption ever star-news.press/wp

It was currently recognized as the largest encryption theft in history, and the Bitcoin mining pool was a victim of amazing theft 127426 BTC in December 2020.

At that time, the stolen bitcoin value was about $ 3.5 billion, but with the current price of BTC, its value is now $ 14.5 billion, according to Blockchain Analytics Arkham Intelligence.

Loban, who was previously a dominant player controlling 6 % of the Bitcoin network segmentation rate, disappeared mysteriously in early 2021. The closure was long due to regulatory pressure, but the results of Arkham are now indicating a huge and unknown electronic breach as a real cause.

BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview 

A flawed special key and a silent giant

According to the infiltrators, the infiltrators took advantage of a generation of weak special keys, a basic security defect that allowed them to drain more than 90 % of BTC Le Pen in one attack on December 28, 2020. After two days, an additional $ 6 million in BTC and USDT was armed from another portfolio linked to Layer Phicoin omni Layer.

In a desperate attempt to recover funds, Lubian released more than 1500 Bitcoin transactions included with OP_RUTURN messages, medium directly with the attacker to restore stolen BTC. Despite these efforts, no response has been received.

Today, the portfolio of that pirates has not been largely touched, as its last important movement was a phrase ArkhamThis sleeping address is now the 13 largest Bitcoin Portfolio in existence, before Hacker MT. Gox tumor.

How to stole bitcoin encryption security

This tremendous violation does not exceed all previous breaches, including $ 1.5 billion Exploitation bybit for 2025But it also displays deep weakness in the oldest infrastructure of Blockchain and special keying protocols.

With 3.1 billion dollars already lost to encryption the first half of 2025, experts urge mining and exchange gatherings to enhance security practices.

With the appearance of a Lubian case, it is a blatant reminder: in encryption, weak security can cost billions of dollars, and staying hidden for years.

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