It has come, with a most irresistible irony, to the attention of Arkham – those ever-watchful sleuths of our glittering blockchain stage – that the illustrious Chinese mining pool Lubian has been quite emphatically robbed blind. One might say, dear reader, that 127,426 bitcoin have slipped away, much as virtue departs after midnight, in a cyber-theft that positively drips with sophistication. 💸🎩
A Timeline of the Attack
Picture the dramatic scene, if you will: in December 2020, cunning cybercriminals pirouetted through Lubian’s digital defenses, waltzing off with 127,426 bitcoin (BTC). At the time, these digital trinkets were valued at $3.5 billion – pocket change, one assumes, for master criminals with excellent taste. But wait! Time, that indifferent broker, swelled the haul to a majestic $14.5 billion. It’s the greatest stage robbery since a dowager last misplaced the Crown Jewels in Mayfair. 🏴☠️
Lubian, ever the bashful debutante at the crime gala, and the perpetrators, men (or perhaps women) of mystery, preferred silence over spectacle. Arkham seized the limelight by unveiling this episode for all and sundry. In their dramatic exposition on X (oh, the modern-day salons!), it is revealed that Lubian, once a heavyweight in the cryptosphere, commanded about 6% of the Bitcoin network’s hashrate, with posh mining houses in both China and Iran. No wonder the villains came knocking.
Yet, as December 28, 2020, dawned (without incident, for everyone but Lubian), hackers orchestrated a grand theft, draining over 90% of their BTC reserves. And as if in the spirit of festive generosity, they returned the next day for seconds – stealing another $6 million in BTC and USDT from an address on the legendary Bitcoin Omni layer. 🍽️
The Suspected Vulnerability and Aftermath
After such a lavish party, Lubian gathered its battered dignity and shuffled whatever was left into “recovery wallets” on December 31. One can almost hear the mournful piano music as they dispatched OP_RETURN telegrams into the blockchain ether – 1,516 plaintive messages (cost: 1.4 BTC, presumably a mere gratuity by that point), earnestly begging the thieves to return the loot. One suspects the hackers did not RSVP. 💌
Arkham, never one to let sentiment mar deduction, suggests Lubian’s digital locks were as flimsy as certain Victorian politicians’ morals. The mining pool, we learn, used private-key algorithms so weak, one might as well have scribbled them on the back of a calling card. The hackers, with admirable persistence, appear to have brute-forced their way in, and as a result, Lubian was left clutching a mere 11,886 BTC (currently a paltry $1.35B, but enough to keep the lights on and the tea hot).
The miscreant is now the 13th grandest BTC holder on Arkham’s infamous list – trailing only the likes of Satoshi himself and hard-luck tales like Mt. Gox. An illustrious club, no doubt. 🥂
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD INR PREDICTION
- USD PLN PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- USD IDR PREDICTION
- EUR RUB PREDICTION
- USD COP PREDICTION
- USD ARS PREDICTION
2025-08-04 22:57