Arkham Reports $3.5B Bitcoin Theft from LuBian Mining Pool Uncovered

A crypto wallet linked to LuBian Mining Pool may have experienced the largest bitcoin theft ever, as reported by Arkham Intelligence. Key details include:

127,426 BTC valued at $3.5 billion was stolen in late December 2020.
The breach has not been publicly acknowledged by LuBian or the suspected hacker.
LuBian was a major bitcoin mining pool, controlling nearly 6% of Bitcoin's total hash rate in 2020.
Over 90% of LuBian’s BTC holdings were drained on December 28, 2020.
An additional theft of approximately $6 million in BTC and USDT occurred two days later.
LuBian attempted to contact the hacker, sending OP_RETURN messages and spending 1.4 BTC across more than 1,500 transactions.
The vulnerability likely arose from a flawed private key generation algorithm.
The value of the stolen assets is now estimated at $14.5 billion due to bitcoin price increases.
The associated wallet is currently the 13th largest BTC holder tracked by Arkham.
Both the hacker and LuBian reportedly still control their BTC balances.

Arkham has published wallet trackers for both parties, but identities remain undisclosed.