Lubian Hacker Wallet Moves $1.8B in Bitcoin
Lubian hacker wallet transfers nearly 16,000 BTC worth $1.83B to four new addresses, raising major security concerns.
- Lubian hacker wallet moved 15,959 BTC
- Total value transferred is $1.83 billion
- Funds split across four new wallet addresses
Massive Bitcoin Transfer Linked to Lubian Hack
In a significant development raising eyebrows across the crypto space, a wallet tied to the infamous Lubian mining pool hack has moved 15,959 BTC, currently valued at $1.83 billion, according to OnchainLens. This latest activity has sparked renewed fears about the movement of stolen funds and potential market impact.
Four New Addresses Receive the Funds
The transfer wasn’t a straightforward dump. The hacker’s wallet strategically split the BTC into four newly created addresses, possibly in an effort to obfuscate tracking and avoid centralized exchange detection systems. This is a common tactic used by cybercriminals to launder funds by later breaking them down further or moving them across mixers.
Lubian, once a trusted mining pool, was hacked in a major breach that left many users and crypto watchers stunned. Since the breach, the associated hacker wallets had remained mostly inactive, making this sudden large-scale movement all the more alarming.
What This Means for the Market
While there’s no immediate sign of these funds hitting exchanges, such a large transfer can cause panic or speculation among investors. Analysts suggest this could be a prelude to laundering attempts or a signal that the attacker is preparing for a liquidation phase—possibly in smaller batches across decentralized platforms or mixers.
Crypto security firms and on-chain analysts are now closely monitoring the new addresses to track further activity. Meanwhile, users are urged to stay alert and watch for any unusual BTC inflows across platforms.
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