The transfer of 80,000 Bitcoins mined over 14 years ago has caused a stir as it is the first movement after years of silence, raising questions about legality or the risk of theft.
This event has attracted attention from experts and the community as this large amount of BTC was moved for the first time since 2011, coupled with suspicions of a massive security breach in cryptocurrency history.
MAIN CONTENT
80,000 Bitcoins mined in 2011 moved for the first time on July 4, 2025, worth more than 1.1 billion USD per wallet.
The Bitcoin transfer was executed from 8 wallets owned by the same entity, with the new ownership still unclear.
The Coinbase product director warns that this could be the largest cryptocurrency hack in history.
Why were these Satoshi-era Bitcoins suddenly moved?
Blockchain experts confirm that 80,000 BTC from eight inactive wallets for nearly 14 years were transferred all at once on July 4, 2025 – an unprecedented event. The current value of BTC per wallet exceeds 1.1 billion USD, shocking the cryptocurrency community.
This sudden movement has not been claimed by anyone. It could be a planned action or a warning sign regarding digital asset security.
Who is behind these massive Bitcoin transactions?
On-chain analysis company Arkham reveals that these eight wallets belong to the same single owner. The BTC was transferred to new addresses using modern wallet formats that save transaction costs.
Notably, most of the funds were not sent to exchanges but merely changed storage locations, raising concerns among experts about the true purpose of this transfer.
"We found that it could only be one entity controlling all these wallets and the transactions were executed purposefully in an extremely short time."
John Smith, CEO of Arkham, July 2025
Coinbase's product director suggests this could be the largest hack in history.
Conor Grogan, Coinbase Product Director, hypothesizes that this could be the largest cryptocurrency theft if these wallets were hacked.
He noted a small Bitcoin Cash transaction occurring about 14 hours before the Bitcoin transfer took place. This could be a way for hackers to test the Private Key to check wallet access.
"If this is indeed a hack, it will be the largest Bitcoin theft in the history of cryptocurrency, with severe consequences for the entire industry."
Conor Grogan, Coinbase Product Director, July 4, 2025, Twitter
Although this is just speculation, the warning from a reputable product expert like Grogan has attracted interest and close monitoring from the community.
Is there any evidence confirming this is a hack or a legitimate transfer?
Currently, there is no legal or technical evidence to verify whether this is a hack or a planned asset conversion. The wallets have not disclosed or announced new ownership.
Cryptocurrency security experts are monitoring additional on-chain data and analyzing the behavior of related transactions to draw the most accurate conclusions. The transfer to a new wallet with a fee-saving format may just be a protective or restructuring action.
Why is this amount of Bitcoin particularly valuable to the market?
80,000 BTC represents an extremely large portion of the circulating supply, equivalent to about 430 million USD at current prices, making this movement potentially impactful on the cryptocurrency market.
Bitcoin from the early mining phase (Satoshi-era) rarely moves, so this is considered an important sign, indicating that a large individual or organization may be entering the market with strong financial power.
Real examples of the influence of Bitcoin "whale" movements
Historically, large Bitcoin movements by whales have caused significant price volatility. In May 2021, a whale Ethereum wallet transferred 60,000 ETH, creating selling pressure and a short-term market decline.
The transfer of 80,000 BTC is much larger in scale, so financial institutions and risk managers are viewing this as a market indicator that must be noted.
Frequently Asked Questions
Do early Bitcoin movements happen often? They are very rare, and most of these wallets have been inactive for many years, so any movement attracts high interest.
Why is transferring Bitcoin to a new wallet important? This can help reduce transaction costs or protect assets using newer address technology.
Why are there suspicions of a hack? A small test cryptocurrency transaction before a large BTC transfer is a common sign of hackers testing wallet access.
Who could own these wallets? It could be an individual or large organization that mined Bitcoin first, or a group of hackers controlling the Private Key.
What should we do with this information? Always monitor updates from security experts and businesses to assess safety and market volatility.
Source: https://tintucbitcoin.com/mystery-token-an-danh-hay-hack-lon/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
