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Conor Grogan, Product Manager at Coinbasethey believe there is a “small option” that the transfer of bitcoins worth $ 8.6 billion (BTC) 4 July was a hack. Calling its claim “extreme speculation” vx post On Friday, Grogan said he found that the transaction movement was “very special”. He added:
“If it was true (again, I speculate here on the straws), that would be by far the largest robbery in human history.”
Transfer of 80,000 BTC
On Friday, eight BTC wallets that were sleeping for 14 years, a total of 80,000 BTC worth around $ 8.6 billion, according to On the blockchain analytical platform Arkham Intelligence. The massive range of transactions has exceeded the gross domestic product (GDP) in Montenegro, a small country set in southeastern Europe, which placed on the 147th place in terms of GDP.
BTC was moved to the original wallets on April 2 or 4 May 2011, Arkham Intelligence noted/ added that the transactions had made a “only entity”.
The transactions began with a 40,000 BTC transfer from a dormant wallet, followed by four 10,000 BTC transactions every total of 10 hours. Bitcoins have not been sold or further sold from five transactions – BTC is currently held in eight new wallets.
Sani, bitcoin maximistic and founder of the Index TIMECHAIN, believe that the 80,000 BTC converted belongs to Roger verAlso known as “Bitcoin Jesus”. Ver, Early Bitcoin Investor, was arrested In Spain last year about tax fraud fees. Reportedly owed the internal Revenue Service (IRS) at least $ 48 million in taxes, according to to the Ministry of Justice.
Response to users x, sani note that transfers could be a sign that Ver has reached an IRS agreement and settlement could be in the pipeline.
Grogan’s theory of hack
Grogan pointed to bitcoin cash (BCH) test transaction This preceded Bitcoin’s transfers as potential evidence of a foul. The entity, which transferred 80,000 bitcoins, transferred 10,000 BCH worth almost $ 5 million and back to one of the original wallets an hour before the start of BTC transfer.
Grogan said there was a possibility that the wallets owner tried to discreetly test the private key without attracting the attention of the BCH test transaction. This is because BCH transactions are not carefully monitored by platforms watching whale wallets, he said. Grogan, however, wrote:
“What forces me to say.” [BTC transfers were a hack] There are other BCH wallets that have not affected at all; Why wouldn’t they sweep it too? ”
He also added that they do not believe that the transactions were made in exchange due to BCH testing and because BTC transactions were manually.
Many disagree with Grogan’s hack theory
While some X users easily agreed to Gogan’s justification, others have ruled out the possibility that BTC transactions were the result of a hack. For example, Sani said They don’t think the transactions included a hack while responding to the users of Gogan’s post.
Former developer Pulsechain, who passes “Bretep” on x he explained that it is virtually impossible to hack a specific bitoin private key using any current technology. In fact, the chance is one of the more than 115 quattuorvigintillillion (75 zeros) – the person is more likely to hit the flash every day for 10,000 years, explained and added:
“Security is not just strong-mathematically absurd to try with any conceivable technology. With quantum calculation, it would take an estimate of 30-40 years, but this is only theoretical at this point.”
The X user, who goes through “bizza”, pointed to a logical defect in Grogan’s conclusion. He established that Scammer would not bring BCH tokens in front of BTC transactions, because he could risk the “elimination of the owner”.
Further, Barthazian.eth, pseudonymous user x, claimed The fact that the transaction of BCH, which Grogan pointed to suspicion, was a transaction Handshake, which is common in cases of large over -the -counter transactions.
In addition, the contributor of optimism and former Coinbase Binji Pande product manager noted that the slow pace of BTC transactions is not a hack. He he wrote:
“Given how slowly it is, it is difficult to be convinced that it is a hack, I would imagine they would be a little faster with the movement of these means.”
