In 2025, Arkham Intelligence unveiled details of the largest Bitcoin heist that occurred in 2020, involving LuBian, a Chinese mining pool.
Discovery of the Heist at LuBian
The theft of 127,426 BTC from LuBian was only uncovered five years after it took place. This event marked the largest recorded theft in the history of cryptocurrencies, with an estimated financial loss of $3.5 billion.
Financial Implications of the Incident
Given the current market value, the stolen Bitcoins are now valued at approximately $14.5 billion. The heist has also raised concerns about the security of cryptocurrency infrastructure and the need for effective blockchain operation monitoring.
Security Lessons in the Crypto Industry
This incident serves as a warning for other market participants regarding potential vulnerabilities in security systems. Cyber threats continue to raise concerns, making enhanced attention to protective measures essential.
The LuBian heist highlights the importance of vigilance and effective security measures in the crypto industry to prevent similar incidents in the future.
