Bitcoin OG: The hack of the Lubian mining pool has nothing to do with the security of Bitcoin itself
2025-10-17 03:52:54
In response to the recent hot debate in the crypto community that 127,000 BTC in the Lubian mining pool was stolen and finally controlled by the US government, Bitcoin OG 2040 posted on X that there are two types of wallet private keys: 1. The simplest is the user {email (uid) + password} hash to make the private key, which is all one-time and not strong enough; 2. Use hsm hardware encryption to generate the private key, which can meet the cryptographic strength of the wallet private key. Lubian uses the first type, so it is stolen sooner or later, even if it is not stolen, it will be self-theft. This kind of hacking has nothing to do with the security of Bitcoin itself. Bitcoin has always been the most secure in Crypto, no one.
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