Arkham analyst: LuBian hack may be led by the US government, and the 127,000 BTC addresses recovered have long been exposed to private key vulnerabilities

According to Arkham analyst Emmett Galic, there are growing signs that the US government may have been personally involved in or orchestrated the LuBian.com mining farm hack. If this speculation is true, it would make the US government "the largest financial hacker in history."

Previously, U.S. Department of Justice (DOJ) officials confirmed they had taken control of approximately 127,271 Bitcoins (worth approximately $14 billion), claiming they originated from the LuBian mining farm stolen in 2020, but did not disclose the specific method of acquisition. Crypto sleuth ZachXBT noted that these addresses were previously identified in a Milky Sad report two years ago, alleging a security vulnerability in their private keys.