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.