Conor Grogan, Coinbase’s head of product, says there’s a slight chance the $8.6 billion Bitcoin moved on Thursday — from a single whale who had held it for over 14 years across eight wallets — was caused by a hack, and if so, it could be the largest robbery ever.
“If true (again, I’m speculating on straws here), this would be by far the largest heist in human history,” Grogan said In an X-post on Friday, I raised the possibility that Bitcoin worth $8.6 billion (BTCIt was bad actors who moved the money out of eight different wallets.
Grogan’s suspicions about BCH deal have him scratching their heads
“There is a small possibility that the $8B in BTC that recently woke up were hacked or compromised private keys,” Grogan pointed out that a Bitcoin Cash transaction (BCHTransactions made prior to the Significant transfers On Thursday, involving 10,000 bitcoins at a given time.
“I found a single BCH test transaction from one of the BTC whale clusters 14 hours ago, followed by the full amount. An hour later, the BTC wallets began to move,” He said.
Grogan suggested that it’s possible the wallet owner was quietly testing their private key since Bitcoin Cash transactions aren’t as noticeable to whale tracking services. But he did reiterate that the behavior was strange.
“What makes me say this is the other BCH wallets have not been touched at all; why wouldn’t they also sweep these?”
Arkham, a blockchain intelligence company posted a blog on the same date. said It was one entity who moved Bitcoin worth $8,6 billion from eight different wallets.
8 new wallets hold $8.6 billion Bitcoin
Arkham stated that the Bitcoins were transferred to the original wallets either on April 2, 2011 or on May 4, 2011. The wallets had been on for over 14 years.
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Arkham has said that the Bitcoins are now in eight different wallets, and have not been moved.
Bitcoin’s price is relatively stable. It has dropped 1.02% over the past 24 hours, and was trading at $108,150 as of the publication date. according CoinMarketCap provides data on the market.
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Source: cointelegraph.com
