Chinese Miner LuBian Transfers $1.45 Billion in Bitcoin After 3-Year Inactivity
LuBian moved all remaining BTC holdings to a new wallet as the U.S. Department of Justice announced a $15 billion forfeiture case.
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Terms & Concepts
- Bitcoin Wallet: A digital tool that stores private keys and enables sending and receiving Bitcoin securely.
- Forfeiture Case: A legal process where authorities seize assets believed to be connected to criminal activity.
- Miner: An individual or entity that uses computing power to validate transactions and secure blockchain networks.