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