Lubian Mining Pool Moves $1.83B Bitcoin Again – Massive Dump Coming?
Wallets linked to the Chinese mining pool LuBian transferred 15,959 BTC, value roughly $1.83 billion, to 4 totally different addresses on Wednesday, marking the second main motion in lower than two weeks from the entity linked to the most important confirmed Bitcoin theft.
OnChainLens tracked the distribution, figuring out 4,999 BTC value $539.76 million every to 2 addresses, 3,424 BTC value $369.7 million, and a couple of,535 BTC value $274.36 million.
The transfers observe an October 15 movement of 11,886 BTC, value $1.3 billion, that occurred simply 24 hours after the U.S. Department of Justice introduced one of the largest crypto forfeiture cases concentrating on Prince Holding Group.
However, community observers noted that these are usually not the unique Bitcoin that have been hacked and seized, and the addresses stay sanctioned, with the controller Chen Zhi nonetheless on the run.
The timing has sparked renewed hypothesis about whether or not the actions are a defensive repositioning amid DOJ enforcement or a strategic reallocation forward of potential liquidation.
At the time of publication, Bitcoin is buying and selling round $108,000 after reversing a 3.5% pump from $114,000.
Largest Bitcoin Theft Ever Surfaces After Four-Year Dormancy
Blockchain analytics agency Arkham Intelligence revealed in August that 127,426 BTC, valued at $3.5 billion on the time and practically $14.5 billion at the moment, was stolen from LuBian in December 2020.
The theft exploited vulnerabilities in LuBian’s personal key era system by way of potential brute-force assaults.
The pool had risen shortly in early 2020, changing into the sixth-largest mining pool whereas selling itself as “the most secure high-yielding mining pool on the earth.“
Attackers drained over 90% of LuBian’s BTC on December 28, 2020, adopted by a further $6 million in BTC and USDT the following day. By February 2021, LuBian had disappeared with out rationalization, fueling hypothesis of a regulatory shutdown.
A large Bitcoin theft from 2020 has surfaced practically 4 years later, and it is now being known as the most important crypto heist ever uncovered. #Bitcoin #Hackhttps://t.co/5Qq5HqbUMn
— Cryptonews.com (@cryptonews) August 3, 2025
Arkham’s investigation revealed the dramatic hack because the precise trigger.
LuBian tried to speak with the attacker utilizing Bitcoin’s OP_RETURN characteristic, writing “To the whitehat who’s saving our asset, you’ll be able to contact us… to debate the return of asset and your reward.“
Most stolen cash remained dormant till July 2024, with 11,886 BTC value roughly $1.35 billion nonetheless untouched in LuBian’s pockets.
UK-China Tensions Over $7.2B Bitcoin Seizure
In a separate however associated seizure, the UK authorities proposed a compensation scheme for victims of Chinese investment fraud whereas searching for to retain nearly all of a £5 billion ($7.2 billion) Bitcoin fortune seized from perpetrators.
The announcement was made throughout a High Court listening to in London on Wednesday, concerning 61,000 Bitcoin seized by police in 2018 from gadgets discovered at a mansion in Hampstead, now representing one of many largest cryptocurrency seizures in UK historical past.
UK proposes compensation for fraud victims whereas maintaining most of £5B ($7.2B) Bitcoin seized in 2018 from 61,000 BTC as 130,000 victims contest authorities profit.#Bitcoin #UKhttps://t.co/jXXgfWZagW
— Cryptonews.com (@cryptonews) October 15, 2025
The case pits British authorities towards roughly 130,000 Chinese traders who misplaced cash in fraud orchestrated by Zhimin Qian between 2014 and 2017.
Bitcoin’s worth has surged dramatically for the reason that 2018 seizure, climbing from roughly $1.8 billion to its present $7.2 billion valuation.
Authorities additionally lately obtained entry to further cryptocurrency belongings value about £67 million from Qian.
Qian and Malaysian affiliate Seng Hok Ling pleaded guilty to money laundering charges final month and are scheduled to face sentencing in November.
Dump on BTC: How Would the Market React?
With hackers and the federal government probably seeking to promote, it’s unsure what the aftermath will seem like for BTC.
On the technical stage, Bitcoin at the moment faces technical strain after reversing Monday’s 3.5% pump, dropping from $114,000 again to the $107,000-$108,000 help zone.
The pullback has left merchants watching the upcoming U.S. Consumer Price Index data on October 24 for directional cues.
Consensus expectations sit at 3.1%, however after six consecutive months of rising inflation readings, traders worry one other upside shock may unsettle threat markets.
Bitcoin’s chart exhibits the asset testing help close to $112,000, with the projected trajectory suggesting a possible rebound towards $117,000 if help holds.
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