Conor Grogan, Coinbase’s product head, speculated that the recent transfer of $8.6 billion in Bitcoin from eight wallets, dormant for over 14 years, might be linked to a hack, potentially marking the largest theft in history. In a post on X, Grogan noted, "If true, this would be by far the largest heist in human history." He highlighted a suspicious Bitcoin Cash transaction preceding the transfers, involving 10,000 Bitcoin. Grogan suggested that the wallet owner might have been testing their private key, as Bitcoin Cash transactions typically attract less scrutiny. Blockchain intelligence firm Arkham confirmed that a single entity executed the $8.6 billion transfer from the wallets, which had been inactive since April 2 or May 4, 2011. The Bitcoin is now held in eight new wallets and remains untouched. Despite the uncertainty surrounding the transfers, Bitcoin's price has remained stable, experiencing only a 1.02% dip in the last 24 hours, trading at $108,150 according to CoinMarketCap. Read more AI-generated news on: https://app.chaingpt.org/news