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23/10/25 03:03 UTC-04

$1.83 Billion in Bitcoin from LuBian Mining Pool Moved

Today, wallets linked to the Chinese mining pool LuBian transferred 15,959 BTC, worth around $1.83 billion, to four different addresses. This marks the second major transfer in less than two weeks.

According to OnChainLens, two addresses each received 4,999 BTC (around $539.76 million), while the other two received 3,424 BTC (about $369.7 million) and 2,535 BTC (approximately $274.36 million).

On October 15, another transaction of 11,886 BTC worth $1.3 billion was recorded — just one day after the U.S. Department of Justice announced one of the largest crypto seizures in the Prince Holding Group case.

However, experts clarified that the transferred bitcoins are not the ones confiscated by authorities, though the movements have nonetheless attracted strong attention from blockchain analysts.

In early 2020, LuBian rapidly expanded and became the sixth-largest mining pool, marketing itself as “the most secure and high-yield mining pool in the world.”

But on December 28, 2020, hackers stole over 90% of LuBian’s BTC, and the following day another $6 million in BTC and USDT was taken. By February 2021, LuBian had almost completely ceased operations.

Most of the stolen coins — 1,886 BTC worth about $1.35 billion — remained inactive until July 2024.

See also: "Canada Imposes Long-Term Ban on Crypto Mining to Conserve Energy"

#Bitcoin (BTC) #Mining

Editor: Yuliya Soroka
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