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Bitcoin OG: The Lubian mining pool hack has nothing to do with Bitcoin&'s inherent security


2025-10-177598 Views
 the recent hot topic in the crypto community, the theft of 127,000 BTC from the Lubian mining pool, was ultimately controlled by the US government. Bitcoin OG 2040 posted on X, stating that there are two ways to generate wallet private keys: 1. The simplest way is to hash the user's {email (uid) + password} to create a private key, but this method is one-time and not strong enough. 2. Use HSM hardware encryption to generate private keys, which can meet the cryptographic strength of wallet private keys. Lubian used the first method, so it was only a matter of time before it was stolen. Even if it wasn't stolen, it would eventually be stolen by the owner. This type of hacking has nothing to do with the security of Bitcoin itself. Bitcoin has always been the safest in the world of Crypto, without question.




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