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brooo, 127K BTC GONE?! Lubian’s massive 2020 bitcoin hack exposed… crypto’s wild west underbelly strikes again
brooo 127K BTC gone just like that?! 🤯 How do you even recover from that kind of hit?! 📉
Problem: The 2020 Bitcoin heist at Lubian, involving 127,426 BTC ($14.5 billion), exposed significant security vulnerabilities in
Main to remember 🚨: Bitcoin Lubian 2020 marked the largest hack in cryptography history, with 127,426 BTC stolen (around $14.5 billion). Arkham Intelligence uncovered the hack on Lubian, a major Chinese BTC mining pool. The thieves made off with a staggering amount, leaving Lubian reeling. The hack surpassed previous crypto theft records, highlighting significant security vulnerabilities within the sector and underscoring the fragility of the crypto ecosystem.
Arkham Intelligence discovered Lubian’s massive Bitcoin heist in 2020, where 127,426 BTC was stolen. The hackers managed to siphon off 90% of Lubian’s funds before the breach was detected. Despite efforts to negotiate with the hackers, the stolen funds were not returned. The hack exposed critical weaknesses in crypto portfolio security, signaling potential risks for both corporate and individual players in the industry.
https://altcoin.observer/lubians-massive-2020-bitcoin-2020-is-revealed-127k-btc-lost-forever/
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