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Analysis: The U.S. government may have led the theft of the LuBian mining pool. If true, it would be the largest financial hack in history by the U.S. government

Oct 15, 2025 11:16:04

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ChainCatcher news, according to on-chain detective ZachXBT's analysis, documents released by the U.S. government show that the wallet addresses associated with the seized $14 billion (127,000 BTC) were named in the Milky Sad report about two years ago, which stated that their private keys were vulnerable. The U.S. government has now indicated that they have custody of these wallet addresses.

In response, Arkham analyst Emmett Gallic stated after research, "It currently seems that the likelihood of the U.S. government being behind the theft of the LuBian mining pool is increasing. If true, the U.S. government would be the largest financial hacker in history." Although there is no conclusive evidence to confirm this matter, Emmett Gallic believes that the future movements of the "LuBian hacker" addresses marked on Arkham will be sufficient to serve as a basis for judgment.

Previously, the LuBian mining pool, which ranked among the top ten globally, suffered a major security incident in December 2020, resulting in the theft of a total of 127,426 BTC, making it the largest Bitcoin theft in history. Yesterday, the U.S. government announced that the 127,000 BTC they seized originated from this incident.

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