A Coinbase executive has suggested the possibility of hacking after a Bitcoin whale, dormant for 14 years, transferred 10,000 BTC in eight separate transactions. Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, highlighted unusual activity preceding the transfer, raising concerns about potential security breaches. Grogan pointed out a test transaction on the Bitcoin Cash (BCH) network occurring just hours before the BTC transfer. He speculated this could have been an attempt to test a private key without attracting attention, given the relatively low scrutiny of the BCH network by whale monitoring services. "About 14 hours ago, a one-off test transaction occurred on the Bitcoin Cash (BCH) network, and then the BTC transfer began," Grogan stated on X. "Considering the BCH activity and the passive BTC transfer method, it's hard to see it as a exchange wallet." The reasons behind the movement remain uncertain, and authorities are likely investigating the transactions. If confirmed, it would be a significant security breach in the cryptocurrency space, highlighting the vulnerabilities even long-dormant wallets face. The incident underscores the importance of robust security measures and continuous monitoring for all crypto holders. ```

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