Crypto News
Arkham Says $3.5B LuBian Bitcoin Theft Went Undetected for Nearly Five Years
A crypto wallet tied to a little-known Chinese mining pool may have been the victim of the largest bitcoin theft ever recorded, according to new findings from Arkham Intelligence.In an Aug. 2 thread on X, the onchain analytics firm said it had uncovered evidence that 127,426 BTC — worth $3.5 billion at the time — was stolen from LuBian Mining Pool in late December 2020. Neither LuBian nor the suspected hacker has ever publicly acknowledged the breach, and Arkham said it is the first to report the incident.LuBian was one of the largest bitcoin mining pools globally in 2020, reportedly controlling nearly 6% of Bitcoin’s total hash rate as of May that year. The hack, if confirmed, would eclipse the...
Pi Network Token Plunges Amid Token Lockup Controversy and Upcoming Unlock
The native token of the Pi Network, PI, experienced a sharp decline, dropping from a high of nearly $0.46 on July 28 to just under $0.35 by Aug. 2. Token Holders Express Disappointment The native token of the Pi Network, PI, tumbled on Aug. 2 after the decentralized platform announced that “pioneers” had an optionSource link
From DDoS Drama to Hashrate Mystery: Qubic’s Monero Attack Playbook Draws Fire
The price of monero ( XMR) slipped 2.3% today, though the dip has nothing to do with the so-called 51% attack that Qubic supporters boldly predicted for Aug. 2. According to Qubic’s creator, the project got slammed with a DDoS attack instead—and for now, those earlier 51% domination claims have gone nowhere. No Chain Reorgs,Source link
Stablecoins Are Finally Legal—Now Comes the Hard Part
With the passing of the GENIUS Act, stablecoins are no longer a regulatory grey area—but usability challenges still remain.Source link
Arthur Hayes Unloads Millions in ETH, PEPE, ENA—Says Bitcoin Will ‘Test $100K’
While the crypto market has dipped another 2.02% in the past 24 hours, now sitting at $3.66 trillion, former BitMEX CEO Arthur Hayes reportedly cashed out $13.35 million worth of crypto. Hayes replied to a post on X about the move, making it clear he still believes bitcoin is headed back to $100,000 and ethereumSource link