The Crypto Heist of the Ages: Lessons Learned from LuBian
Oh boy, folks. The LuBian heist has sent shockwaves through the crypto world. In December 2020, a whopping 127,426 Bitcoin were stolen from the LuBian mining pool, and nobody even noticed until now! That’s nearly five years, and now the crypto community is left reeling.
The Heist Itself: A Deep Dive
This LuBian heist is being hailed as one of the largest thefts in crypto history, now valued at a staggering $14.5 billion. Arkham Intelligence dug deep and found that the mining pool’s security protocols were an absolute dumpster fire. Their private key generation algorithms? Totally vulnerable to brute force attacks. This makes you think about how safe centralized mining really is, right? And let’s not even get started on the overall…
