A wallet tied to the LuBian hack has moved 11,885 BTC, worth $1.34 billion, after three years, drawing attention amid the U.S. Justice Department’s ongoing efforts to seize stolen assets.
A wallet linked to the LuBian Bitcoin mining pool, which was hacked in December 2020, moved 11,885 BTC valued at $1.34 billion after three years of inactivity. This transfer to a new address comes as the U.S. Justice Department seeks to recover 127,271 BTC linked to the hack. Analysts are speculating about the motivations behind the move, with concerns about potential liquidation or security measures. The broader cryptocurrency market continues to show signs of volatility, with altcoins outperforming Bitcoin and Ether in recent trading volumes.