A wallet linked to the hacked LuBian Bitcoin mining pool moved 9,757 BTC, worth $1.1 billion, after three years of inactivity.
By Omkar Godbole|Edited by Sam Reynolds
Oct 15, 2025, 8:59 a.m.
- A wallet linked to the hacked LuBian Bitcoin mining pool moved 9,757 BTC, worth $1.1 billion, after three years of inactivity.
- The Bitcoin was transferred to two new addresses, raising questions about whether the move is for liquidation or security purposes.
- The U.S. government is reportedly seeking to forfeit LuBian’s stolen 127,271 BTC, valued at $14.4 billion.
A wallet associated with LuBian, a significant Bitcoin mining pool that was hacked in December 2020, moved BTC on Wednesday, ending three years of dormancy.
The wallet labelled as “39DUz” moved 9,757 BTC, worth $1.1 billion, to two new addresses, “34kn9z…s9tef” and “bc1q4c…77s0,” respectively, according to analytics firms Peckshield and Lookonchain.
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It remains unclear whether the recent moves to new addresses represent attempts to liquidate the coins or are simply attempts to transfer them to fresh wallets for security or operational reasons.
The movement of coins follows reports that the U.S. government is looking to forfeit LuBian’s stolen 127,271 BTC( $14.4B).
The US Department of Justice (DOJ) announced Tuesday the seizure of bitcoin worth $15 billion from Prince Group’s operation of forced-labor scam compounds across Cambodia. According to forensics firm Elliptic, these bitcoins were “stolen” in 2020 from LuBian.
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