- Lubian’s weak encryption gave a hacker full access to 127,000 bitcoins without alert
- A PC and the game time were everything the hacker needed to violate Crypto’s “safer” platform
- More than 5,000 engaged wallets and alarms were not activated as billions disappeared silently
What began as a silent infiltration in one of the largest cryptocurrency mining groups in the world has now been confirmed as the greatest robbery of cryptography in history.
Lubian’s mining group, once a dominant force in the Bitcoin network, silently lost more than 127,000 bitcoins in 2020.
The violation was only discovered in 2025 by Arkham Intelligence, revealing an amazing stolen asset of $ 14.5 billion that had remained intact and not detected for half a decade.
A historical gap hidden in sight
The scale of this Eclipsa robbery even the infamous incidents of Mt. Gox of the early 2010s, since while Mount Gox saw a greater number of bitcoins disappear, the significantly lower value of Bitcoin at that time made the financial loss much smaller compared.
On the contrary, Lubian’s trick, valued at around $ 3.5 billion when it occurred, since then it has shot at $ 14.5 billion due to the increase in Bitcoin prices.
Despite the passage of time, the hacker has clung to all stolen funds, without large -scale washing or spending signs.
Arkham’s research suggests that Lubian’s rape probably exploded a fundamental weakness in the platform security architecture.
According to reports, its private key generation depended on only 32 bits of entropy, a standard dangerously low by cryptographic norms, and that allowed the attacker to deploy brute force attacks with nothing more than a PC and patience for games.
The involvement is that critical digital assets were being protected with the digital equivalent of a paper block.
The computer pirate, which according to the reports committed more than 5,000 wallets, used vulnerability to access and siph almost all Bitcoin’s holdings in Lubian.
The mining pool disappeared from the network in 2021, just a few months after theft.
Lubian once boasted of being the “highly safe high performance mining group”, a claim now eclipsed by its catastrophic collapse.
This incident attracts attention to the broader theme of cyber hygiene within cryptographic infrastructure.
The use of comprehensive security suites, robust encryption methods and advanced Firewall protections should be not negotiable, but even among top -level players, critical supervision remain 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 been arrested, but the Lubian case is a reminder of the consequences of weak digital security.
It also shows how easily they can converge identity theft and systemic failures in the world of cryptocurrency to a large extent.
Via Hardware Toms
