LuBian Bitcoin Heist Revealed: $14.5B in BTC Stolen From Chinese Mining Pool
Major 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.
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Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0764 | 0.0837 | 0.0904 | 0.0977 | 0.104 | 0.112 | 0.118 |
| Fibonacci | 0.0837 | 0.089 | 0.0924 | 0.0977 | 0.103 | 0.106 | 0.112 |
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