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Crypto Hacker who stole $14.5 billion reveals how security fails daily

Reading time: 2 min • Aug 3, 2025, 01:30 AM (UTC)

Key Points

  • The LuBian Bitcoin heist taught a costly cybersecurity lesso...

The LuBian Bitcoin heist has officially broken the internet's calculator, with stolen funds now worth $14.5 billion - making it the most expensive lesson in cybersecurity ever taught. Back in December 2020, hackers walked away with 127,426 BTC worth a "modest" $3.5 billion at the time. Fast forward to today, and that same pile of digital gold has quadrupled in value, proving that even criminals benefit from HODLing.

When Mining Pools Become Fishing Pools

LuBian wasn't some sketchy startup operating from a garage - this was a dominant Chinese mining pool that supposedly knew what it was d...

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