#BTCWhaleMovement There is a small possibility" that the transfer of 8.6 billion dollars in Bitcoin was a hack, according to a Coinbase executive

The Coinbase executive says he is just speculating, but if true, it would be "by far the largest heist in human history".

"There is a small possibility" that the transfer of 8.6 billion dollars in Bitcoin was a hack, according to a Coinbase executive

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Conor Grogan, head of product at Coinbase, says there is a small possibility that the 8.6 billion dollars in Bitcoin that moved on Thursday, from eight wallets that had held Bitcoin for over 14 years, was due to a hack, and if so, it could be the largest theft in history.

“If true (again, I’m speculating without basis), this would be by far the largest theft in human history,” Grogan said in a post on X on Friday, after mentioning the slim possibility that the 8.6 billion dollars in Bitcoin

BTC

€91,824

that moved from eight separate wallets was the work of malicious actors.

A suspicious BCH transaction puzzles Grogan

“There is a small possibility that the 8 billion dollars in BTC that recently moved was hacked or the private keys were compromised,” Grogan said, pointing to a suspicious Bitcoin Cash

BCH

€412.98

transaction made before the significant transfers on Thursday, which involved 10,000 Bitcoin at a time.