Small Chance $8.6B Bitcoin Transfer Was a Hack

Conor Grogan, the head of Coinbase, says there is a slight chance that Bitcoins are $ 8.6 billion on Thursday – from one whale that held it for more than 14 years across eight wallets – and if so, it could be the biggest robbery at all.

“If it was true (again, I speculate here on the straws), that would be by far the largest robbery in human history,” Grogan Grogan said In post x on Friday, after raising a slim chance that bitcoins worth $ 8.6 billion (BTC) Moved from eight separate wallets was the work of bad actors.

The suspicious BCH transaction has a grogan scratching his head

“There is a small possibility that 8 B in BTC that recently awakened have been hacked or threatened with private keys,” Grogan said, pointing out suspicious bitcoin cash (Bch) Transaction made before significant transfers Thursday including 10,000 bitcoins at a time.

“I found one test transaction of BCH from one of the BTC clumps 14 hours ago, followed by a full amount. An hour later BTC’s wallets began to move,” he said.

Grogan said it was possible that the wallet owner may have quietly tested a private key, because bitcoin cash transactions do not attract so much attention from whaling services. However, he reiterated that he considered the behavior unusual:

“What makes me say that it is that other BCH wallets have not affected at all; why wouldn’t they sweep them?”

In the same day, Blockchain Arkham news company said It was the only entity that moved Bitcoins worth $ 8.6 billion out of eight separate wallets.

Bitcoin $ 8.6 billion now sits in eight new wallets

Arkham said that all bitcoins were transferred to the original wallets 2 or 4 May 2011 and remained on wallets for more than 14 years.

Related: Central Bank Services in Brazil Hackul, stolen $ 140 million

Arkham said Bitcoin is now stored in eight new wallets and has not been moved since then.

The price of bitcoins remained relatively stable and submerged by 1.02% in the last 24 hours and traded for $ 108,15 at the time of publication, according to for CoinMarketcap data.

Magazine: Bitcoin vs Stablecoins Showdown is being built as brilliant act is approaching