LuBian Bitcoin Wallet Transfers $1.1B BTC After 3-Year Dormancy: On-Chain Analysis

A cryptocurrency wallet linked to LuBian, a major Bitcoin mining pool that suffered a security breach in December 2020, has reactivated after three years of inactivity. Blockchain analytics firms PeckShield and other on-chain data providers confirmed the "39DUz" wallet transferred 9,757 BTC valued at approximately $1.1 billion to two new addresses: "34kn9z...s9tef" and "bc1q4c...77s0". This substantial Bitcoin movement represents one of the most significant crypto transactions observed this year, drawing attention from cryptocurrency analysts and Bitcoin investors worldwide.