LuBian mining pool was stolen of a huge amount of Bitcoin - Analysis report: A typical nation-state-level hacker organization orchestrating a "double-cross" event.
TechFlowNov 9, 2025On November 9th, the National Computer Virus Emergency Response Center released a technical source tracing analysis report on the LuBian mining pool being hacked and a huge amount of Bitcoin being stolen. The report pointed out that a major hacking incident occurred at the LuBian mining pool in 2020, in which a total of 127,272.06953176 Bitcoins (worth approximately $3.5 billion at the time, and now worth $15 billion) were stolen by attackers. The holder of this huge amount of Bitcoin is Chen Zhi, Chairman of the Prince Group of Cambodia.After the hacking incident, the stolen funds were stored in the Bitcoin wallet address controlled by the attacker for as long as 4 years, with almost no movement. This is obviously inconsistent with the behavior of general hackers who are eager to realize profits, and is more like a precise operation orchestrated by a "national-level hacker organization."It was not until June 2024 that this batch of stolen Bitcoins was transferred to a new Bitcoin wallet address, and has remained untouched since then.On October 14, 2025, the U.S. Department of Justice announced criminal charges against Chen Zhi, and stated that it had seized 127,000 Bitcoins from Chen Zhi and his Prince Group.All kinds of evidence show that the huge amount of Bitcoin seized by the U.S. government from Chen Zhi and his Prince Group is precisely the LuBian mining pool Bitcoin that was stolen by hackers using technical means as early as 2020.In other words, the U.S. government may have stolen the 127,000 Bitcoins held by Chen Zhi as early as 2020 through hacking techniques. This is a typical "double-cross" event orchestrated by a national-level hacker organization.[Deep Tide TechFlow]
Source
Powered by ChatGPT
All You Need to Know in 10s
Your One-Stop Crypto Investment Powerhouse
LuBian mining pool was stolen of a huge amount of Bitcoin - Analysis report: A typical nation-state-level hacker organization orchestrating a "double-cross" event.
TechFlowNov 9, 2025On November 9th, the National Computer Virus Emergency Response Center released a technical source tracing analysis report on the LuBian mining pool being hacked and a huge amount of Bitcoin being stolen. The report pointed out that a major hacking incident occurred at the LuBian mining pool in 2020, in which a total of 127,272.06953176 Bitcoins (worth approximately $3.5 billion at the time, and now worth $15 billion) were stolen by attackers. The holder of this huge amount of Bitcoin is Chen Zhi, Chairman of the Prince Group of Cambodia.After the hacking incident, the stolen funds were stored in the Bitcoin wallet address controlled by the attacker for as long as 4 years, with almost no movement. This is obviously inconsistent with the behavior of general hackers who are eager to realize profits, and is more like a precise operation orchestrated by a "national-level hacker organization."It was not until June 2024 that this batch of stolen Bitcoins was transferred to a new Bitcoin wallet address, and has remained untouched since then.On October 14, 2025, the U.S. Department of Justice announced criminal charges against Chen Zhi, and stated that it had seized 127,000 Bitcoins from Chen Zhi and his Prince Group.All kinds of evidence show that the huge amount of Bitcoin seized by the U.S. government from Chen Zhi and his Prince Group is precisely the LuBian mining pool Bitcoin that was stolen by hackers using technical means as early as 2020.In other words, the U.S. government may have stolen the 127,000 Bitcoins held by Chen Zhi as early as 2020 through hacking techniques. This is a typical "double-cross" event orchestrated by a national-level hacker organization.[Deep Tide TechFlow]
Powered by ChatGPT
Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors
00:00 / 00:00
00:0000:0000:00