Another Mysterious BTC Transfer from the Company Whose 127,000 Bitcoins Seized by the US!
LuBian, the mining pool that was revealed to be the true owner of more than 127,000 Bitcoins that the US Department of Justice (DOJ) announced last week, has again transferred billions of dollars worth of BTC.
At this point, the wallet belonging to LuBian Mining, one of the largest mining pools of its time, moved for the first time in 3 years last week and moved 1.1 billion worth of Bitcoins to new wallets.
After a week-long hiatus, the LuBian-linked wallet transferred $1.8 billion worth of BTC to new addresses.
According to a post by OnchainLens, an address linked to Bitcoin mining pool LuBian transferred 15,959 BTC worth approximately $1.83 billion to four new addresses.
- 4,999K BTC worth $539.76 million transferred to bc1qs8 wallet
- 4,999K BTC worth $539.76 million transferred to 3JX2dH wallet
- 3,424K BTC worth $369.7 million transferred to 1cpnxU wallet
- 2.535K BTC worth $274.36 million was transferred to the 1G9FZS wallet.
It is also noteworthy that Lubian-linked wallets have emerged just days after the US government seized more than 127,000 Bitcoin stolen from Lubian.
What Happened?
One of the LuBian wallets (39DUz) moved all 9,757 BTC worth $1.1 billion after 3 years of inactivity. The Bitcoins were transferred to two new addresses.
This transfer comes just one day after news broke that the US government seized LuBian’s stolen assets of 127,271 BTC, worth $14.4 billion.
Lubian Mining emerged suddenly in early 2020 and quickly became one of the largest Bitcoin mining pools in the market. While its entry and growth did not go unnoticed, Lubian was soon hacked in December 2020, resulting in the theft of 127,000 BTC. However, the perpetrators were never identified.
One of Lubian's wallets, which mysteriously disappeared suddenly in early 2021, was seized by the US just one day after being found.
This seizure was the largest Bitcoin seizure in the US to date.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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