X @Arkham

Key Findings - Arkham uncovers a $3.5 billion heist from LuBian, potentially the largest ever [1] - The stolen amount, 127,426 BTC, is now worth approximately $14.5 billion [1] Company & Industry Impact - LuBian, a Chinese mining pool with facilities in China & Iran, was the victim of the hack [1] - Neither LuBian nor the hacker has publicly acknowledged the hack, indicating potential reputational risks and lack of transparency in the industry [1] Security & Transparency - The hack occurred in December 2020, highlighting the importance of long-term security measures and monitoring in the cryptocurrency industry [1] - Arkham is the first to report the hack, emphasizing the role of blockchain analysis firms in uncovering illicit activities and promoting transparency [1]