๐จ $8.6 Billion in BTC Transferred โ Possible Hack?
๐ Coinbase Exec Weighs In
This week, a massive 150,000 BTC (โ $8.6B) was transferred from a wallet inactive for over 5 years, sparking serious speculation across the crypto community.
๐ง Coinbaseโs Conor Grogan commented:
> โThereโs a small possibility this was a hack.โ
๐ Key details:
โข The funds moved in a single batch
โข Linked to Mt. Gox-era wallets
โข No immediate signs of sale or laundering
โข Movement recorded on-chain โ not via CEX
๐ While nothing is confirmed, such massive cold wallet movements often indicate:
โ Institutional reshuffling
โ Legal proceedings (e.g. Mt. Gox repayments)
โ Or, in worst-case: a compromised key
๐ฃ๏ธ Community is split:
Is it strategic or suspicious?
๐ Stay alert. Always DYOR.