U.S. Seizes 120,000 BTC from Vulnerable Wallets

The U.S. government has seized over 120,000 Bitcoin, amounting to approximately $15 billion, due to a security vulnerability in the private key generation process of compromised wallets associated with the LuBian mining pool. This seizure highlights critical vulnerabilities within cryptocurrency key management and raises concerns about broader industry security standards. The operation involved seizing significant crypto assets from these vulnerable wallets and brought attention to potential security gaps.