Биткоины майнинг-пула LuBian переводятся после трёх лет неактивности на фоне разоблачения схемы отмывания денег Translation: Headline: Bitcoin from the LuBian mining pool transfers after three years of inactivity amidst the uncovering of money laundering schemes.

On October 15, one of the wallets from the hacked mining pool LuBian, which fell victim to a breach in 2020, became active again. After three years of inactivity, 9,757 BTC valued at $1.1 billion were moved from the address, according to Lookonchain.

As reported by PeckShield, the assets were transferred to two newly created wallets.

Hours later, on-chain analysts noticed another address associated with LuBian, from which 2,129 BTC worth $238 million were sent.

A wallet identified by Arkham as belonging to the LuBian hacker still contained approximately $12 in assets.

Interest in this activity intensified a day after U.S. authorities announced plans to seize 127,271 BTC worth $14.4 billion that had been stolen from LuBian. On October 15, Arkham Intelligence confirmed that the funds had come under government control.

The assets were confiscated as part of an investigation into the Prince Group crime syndicate and its leader, Chen Zhi. The Justice Department accused him of running a money laundering scheme through a network of pseudo-legitimate businesses, including mining operations.

Cryptocurrency mining enabled criminals to generate «clean» bitcoins that were not directly linked to their illicit activities, and LuBian was one of these companies.

Official documents noted that the pool was initially financed through proceeds from fraud, human trafficking, and «pig butchering» schemes. It also highlighted that the confiscated assets from Chen were supposedly the same that were stolen from LuBian in 2020.

*“The U.S. Justice Department has not clarified how the bitcoins came under government control—whether private keys were compromised, voluntarily surrendered, or if the 2020 ‘hack’ was actually a covert operation conducted by the United States,” Arkham stated.*

Elliptic experts speculated that the transfer of funds in June-July 2024 might indicate that the bitcoins were handed over to U.S. government control.

*“However, it remains unclear how exactly the coins ended up with U.S. authorities, and who specifically ‘stole’ them from Chen/LuBian—or if the theft actually occurred at all. If the hack did happen, it is most likely that an independent hacker exploited a vulnerability to steal LuBian’s bitcoins, which then drew the attention of the U.S. government,” the experts suggested.*

It’s worth noting that the fact of an attack on the mining pool was only discovered in August 2025. Until the publication by Arkham Intelligence, neither LuBian representatives nor the hacker had publicly discussed the breach.

The amount stolen represents the largest loss in the history of the industry.