On-Chain Data Shows LuBian Wallet Transfers $1B+ in BTC After Three Years Dormant

LuBian Wallet Moves $1.1B in BTC After Three Years of Inactivity

A Bitcoin wallet linked to LuBian, a major mining pool hacked in December 2020, moved 9,757 BTC—worth roughly $1.1 billion—Wednesday, ending a three-year dormancy.

Analytics firms Peckshield and Lookonchain report that the wallet, labeled “39DUz,” transferred its holdings to two new addresses: “34kn9z…s9tef” and “bc1q4c…77s0.” It remains unclear whether these movements are intended for liquidation or simply for transferring funds to fresh wallets for security purposes.

The activity comes amid broader legal developments. The U.S. Department of Justice (DOJ) recently announced the seizure of $15 billion in Bitcoin from the Prince Group, linked to forced-labor operations in Cambodia. Forensics firm Elliptic confirmed that the seized coins were among the 127,271 BTC stolen from LuBian in 2020, valued at $14.4 billion at the time.

This high-profile wallet movement highlights the ongoing saga surrounding the LuBian hack and the recovery of stolen crypto assets.

  • Related Posts

    Bitcoin’s downside may be limited if gold comparison signals a bottom, analyst notes

    Bitcoin’s correction could extend into late 2026 in dollar terms, but its valuation against gold suggests the market may be closer to a turning point, according to research from Mercado…

    Continue reading
    SpaceX’s once-$780M bitcoin treasury now valued near $545M as IPO filing looms

    SpaceX holds roughly 8,285 bitcoin in custody with Coinbase Prime, a position now worth about $545 million after losing approximately $235 million in value over the past three months. For…

    Continue reading