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Reading: The greatest theft in history in Bitcoin: 127.426 BTC Loss
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > The greatest theft in history in Bitcoin: 127.426 BTC Loss
Bitcoin and BTC

The greatest theft in history in Bitcoin: 127.426 BTC Loss

vitalclick
Last updated: August 3, 2025 11:41 am
3 days ago
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Contents
Details of the event and analysis findingsCommunication efforts and possible vulnerabilityCurrent Status and Effects of Assets

According to the new findings of the crypto analysis company Arkham Intelligence, the wallet of a Chinese -based and less known mining pool, the largest Bitcoin recorded in history $113,866.70 He may have experienced one of his losses. Arkham said in his analysis that 127,426 BTCs found evidence that the BTC was stolen from Lubian Mining Pool in the last days of 2020. The incident was shared with the public for the first time by Arkham.

Details of the event and analysis findings

In 2020, Lubian Mining Pool was known as one of the largest global mining pools. At that time, it was claimed that he had controlled nearly 6 percent of the total processing power in the Bitcoin network. The data shared by Arkham shows that more than 90 percent of Bitcoins on the platform on 28 December 2020 were transferred at once.

Two days after this incident, BTC and TETHER (USDT) balance worth approximately $ 6 million from another address belonging to Lubian were transferred. Lubian executives may have carried the remaining 11,886 BTC to different wallets after these developments.

The Lubian administration and the persons or persons who carried out the attack have not made an official statement on the issue. The first public opinion announcement was made by Arkham. In the analysis of the company, it was revealed that the attackers were sent to the attackers from the wallet.

Communication efforts and possible vulnerability

In the Blokzincir records examined by Arkham, it was found that Lubian executives used a special message transmission method called “op_return .. With this method, in order to reach the attackers, more than 1500 messages were spent on the Bitcoin network and more than 1500 messages were sent and the refund of BTCs was requested.

Arkham said, “We have found that the Lubian mining pool sent hundreds of chains on chains in order to call the attackers. We believe that messages were thrown by the right wallet owner.”

In the technical dimension of the event, the possibility that Lubian uses a weak special key -forming algorithm. With the weakness of this point, the company may have become open to external attacks.

Most of the stolen bitcoins seem to have been kept in wallets since then. The last major transfer was made for consolidation in July 2024.

Current Status and Effects of Assets

Compared to Bitcoin’s price in 2020, the total value of BTCs stolen with today’s exchange rate has increased to approximately 14.5 billion dollars. This amount means that the wallet transferred from Lubian somehow is now the 13th Great Bitcoin.

Event, Mt. Gox and other known highly known digital existence losses are also in size. However, neither the Lubian administration nor the attackers have not done any action on assets in their wallets. Arkham continued to follow the movement of both these addresses and assets, but no information about identities could not be shared.


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Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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