- Lubian’s weak encryption gave a hacker complete access to 127,000 bitcoins without alarm
- A game -pc and time were all hacker needed to violate the cryptos “safest” platform
- Over 5,000 wallets compromised and no alerts triggered when billions of silently disappeared
What began as a quiet infiltration in one of the world’s largest cryptocurrency mining has now been confirmed as the biggest cryptot theft in history.
The Lubian Mining Pool, once a dominant strength in the Bitcoin network, lost quietly over 127,000 Bitcoins by 2020.
The violation was only uncovered in 2025 by Arkham Intelligence, which revealed a staggering $ 14.5 billion of stolen assets that had remained untouched and undetected for half a decade.
A historical violation hidden in ordinary sight
The extent of this theft even eclipses the infamous Mt. Gox events in the early 2010s, when Mt. Gox saw a higher number of Bitcoins disappear, made the significantly lower value of bitcoin at that time the economic loss much less in comparison.
In contrast, Lubian Hack, which is valued at around $ 3.5 billion when it happened, since ballooned to $ 14.5 billion due to the increase in Bitcoin prices.
Despite the course of the time, the hacker has held on to all the stolen means of no sign of large -scale laundering or expenses.
Arkham’s study suggests that the Lubian violation is likely to exploit a basic weakness of the platform’s security architecture.
Its private key generation was reportedly dependent on only 32 bit entropy, a dangerously low standard by cryptographic norms, and which allowed the striker to deploy brute-force attacks with nothing but a game PC and patience.
The implication is critical digital assets were protected by the digital equivalent of a paper lock.
The hacker, who reportedly compromised over 5,000 wallets, used the vulnerability to access and siphon almost all of the Lubian Bitcoin stocks.
The mining pool itself disappeared from the network in 2021, just a few months after the theft.
Lubian had once boasted of being the “safest high -performance mining pool”, a claim now overshadowed by its disastrous collapse.
This incident draws attention to the broader question of cyberhygiene in cryptoInfrastructure.
The use of comprehensive security suites, robust encryption methods and advanced firewall protection should be non-negotiating-but even among top-tier players, critical summaries are still alarmingly common.
The lack of transparency around the violation until 2025 also raises questions about how many similar attacks may have gone unnoticed.
The hacker has now been arrested, but the Lubian case is a reminder of the consequences of weak digital security.
It also shows how easy identity theft and systemic errors can converge in the largely unregulated world of cryptocurrency.
Via Toms hardware
