LuBian Bitcoin Heist Revealed: $14.5B in BTC Stolen From Chinese Mining Pool
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 04 2025Major Crypto Theft Revealed: Arkham Intelligence disclosed that 127,426 BTC, valued at nearly $14.5 billion, was stolen from the Chinese mining pool LuBian in December 2020, marking it as one of the largest crypto thefts in history.
Exploit and Aftermath: The attacker likely exploited a flaw in LuBian's private key generation algorithm, leading to a significant loss of funds; however, LuBian has retained control over 11,886 BTC and attempted to negotiate with the hacker through blockchain messages.
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.
