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Conor Grogan, a Coinbase product manager, has increased alarms over the potential security of security, including bitcoins worth $ 8.6 billion that moved from long -term wallets on Thursday.
Key with you:
- Coinbase’s Conor Grogan has described a potential hack of $ 8.6 million in the long -term Bitcoin.
- The suspicious bitcoin cash transaction just before BTC transfers raised more concerns.
- Some speculation suggests that wallets could belong to Roger ver.
“There is a small possibility that 8 B in BTC that recently awakened have been hacked or endangered private keys,” Grogan Posted on x Friday.
Bitcoin came from eight wallets that had been sleeping for more than 14 years.
Bitcoin cash transactions increase suspicion before transfer $ 8
Grogan pointed out an unusual transaction involving bitcoin cash (BCH) just before massive bitcoin movements.
He noticed a single BCH test transaction from one of the whales, followed by 10,000 BTC gears sweeping at once.
“What makes me say that it is that other BCH wallets have not affected at all; why wouldn’t they sweep them?” Grogan added, suggesting that behavior may indicate compromised keys rather than owner activity.
Blockchain Intelligence later confirmed that the transfers were the only entity and moved all $ 8.6 billion in BTC of the eight wallets that Bitcoins received in April or May 2011.
The assets, unaffected for more than 14 years, were now consolidated to eight new wallets, Arkham said, and have not been moved since Thursday’s transactions.
Meanwhile, 10x research noted that speculation swirled that these wallets may belong to Roger Ver, an early bitcoin evangelist known as “bitcoin jesus”.
Ver was released on bail from Spanish prison on June 5 and reactivated coins were last moved in May 2011, just a few months after Ver allegedly began to acquire bitcoins in February 2011.
If that’s true, wallets could be billions of dollars under VER.
Despite speculation about potential hack, the price of bitcoins remained stable, 1% in the last 24 hours, and around $ 108,150, according to Coinmarketcap data, has been traded since the publication.
Crypto Hacks, Scams costs investors $ 2.2B in H1 2025: Certik
Crypto investors Lost over $ 2.2 billion per hackesFraud and violations in the first half of 2025, controlled mainly by wallets and phishing attacks, according to the latest Certik security report.
The violation of the wallet itself caused a loss of $ 1.7 billion to just $ 34, while phishing fraud was more than $ 410 million at 132 attacks.
Two main incidents, including Hack $ 1.5 billion in February and 225 million dollars on the CETUS protocol Use in May and distort the annual losses up and together represented almost $ 1.78 billion.
Without them, losses are about $ 690 million in accordance with previous years.
Ethereum remained the primary goal and suffered from losses of over $ 1.6 billion at $ 175.
The report also pointed out the growing sophistication of phishing schemes and the ongoing risks of social engineering, urgently on cryptovas to verify links, avoid suspicious sites, and use hardware purses.
Contribution Bitcoin Fears of Massive Hack: Coinbase’s Conor Grogan He appeared for the first time Cryptonews.
