🚨 $8 B Bitcoin Wallet Movement Sparks Hack Speculation

Coinbase director Conor Grogan has flagged an alert: eight dormant BTC wallets, untouched since 2011, recently moved around $8.6 billion—and on-chain signals hint this might be more than just a whale shuffle.

🔍 Key Observations

• BCH test transaction: A small Bitcoin Cash transfer (~10k BCH) occurred hours before the main BTC movement—possibly a stealthy private key test.

• Manual movements: These were done manually—not automated—raising suspicion around security breach rather than routine rebalancing.

• Largest potential heist? If confirmed as hacked, this would eclipse all previous crypto thefts.

🧭 Market & Security Implications

• Short-term price impact: BTC is slightly down (~1%) at around $108K, as uncertainty weighs in.

• Reassess secure storage: This event is a stark reminder—cold-storage best practices and key safeguards remain crucial.

• Watcher’s alert: Will these BTC be transferred to exchanges (selling pressure) or held (cautious consolidation)?

#Bitcoin #CryptoSecurity #BTCHeist #OnChain #WriteToEarn