Arkham Unveiled the Largest Hack in History: Now Worth $14.5B

Arkham Unveiled the Largest Hack in History: Now Worth $14.5B

Main notes

  • Arkham revealed a huge penetration linked to the Chinese Bitcoin Mining Company.
  • The total amount exceeds the BYBIT penetration of $ 1.5 billion by a lot.
  • Both miners and infiltrators were hidden for years until Archham jumped.

Arkham Intelligence has revealed the largest encryption breakthrough that includes a less well -known Chinese mining company (BTC) called Lubian.

According to the last investigation, the BTC Group lost the Chinese Mining Group 127,426 BTC for infiltrators in December 2020. Bitcoin was trading about $ 27,000, and the missing amount was $ 3.5 billion at that time.


“Nor does not publicly recognize the penetration,” Arkham wrote in X.

The intelligence company claims that Lubian controls nearly 6 % of the total Bitcoin retail in May 2020, making it one of the largest mining pools in the world. The company worked in China and Iran.

Data provided by Arkham shows that the reason behind the penetration is the Lubian algorithm responsible for creating special keys. The method “was subject to brute force attacks.”

The Chinese mining worker sent a set of OP_RUTURN messages to the addresses of infiltrators, and asked for the return of the box and the promising rewards.

“For whitehat that saves our origins, you can contact us,” Lubian wrote in a pirate message.

The response did not arrive.

The money did not move. However, the pirate address received multiple test transactions from Binance, the largest exchange of cryptocurrencies, in September 2024.

Its value is now $ 14.5 billion, as Bitcoin is trading near the $ 114,000 mark. This eclipse of BYBIT penetration of $ 1.5 billion in February.

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Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.

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