Dormant LuBian Wallet Transfers $1.1 Billion Bitcoin in Sudden Move

A previously dormant cryptocurrency wallet linked to a massive 2020 hack, known as LuBian, has recently woken up and moved all its 9,757 bitcoin (BTC) worth approximately $1.1 billion to unknown addresses. This unexpected activity raises questions about the timing of the transfer and potential motives. It comes days after the U.S. government announced their plans to seize $14.4 billion in BTC stolen from the defunct exchange. Authorities are collaborating with blockchain analysis firms and international law enforcement agencies to track down the funds, which were scattered across numerous addresses following the breach. The sudden wallet activity may indicate a panicked attempt by the owner to obscure or distribute the funds before legal action progresses. This unexpected move highlights the potential for even dormant wallets to become active when facing pressure from authorities and underscores the vulnerability of blockchain-based assets.