Arkham Uncovers The Largest Bitcoin Heist Linked to Chinese Mining Pool
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 04 2025Largest Crypto Theft Uncovered: Blockchain analytics firm Arkham has revealed that a hack of the Chinese mining pool LuBian in December 2020 resulted in the theft of 127,426 BTC, valued at $3.5 billion at the time, making it the largest crypto theft in history, now worth approximately $14.5 billion.
Impact on LuBian and Crypto Security: The breach went unreported for over four years, leading to the shutdown of LuBian, which was once a top-ten mining pool. The theft was attributed to weak private key generation, highlighting vulnerabilities in crypto security as significant losses from hacks continue to rise in 2025.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
