In a fantastic development, 80,000 Bitcoin (BTC), valued at over $ 8.6 billion, has been moved into new wallets that put a wave of speculation over the crypto market. Contributing to this discourse, Conor Grogan, Product Manager at Coin base has stated that there is a significant possibility that this series of the latest electoral transactions can be a real crypto -heist.
Did the biggest Bitcoin theft spread only in silence?
In one X post On July 4, the prominent analyst company Arkham Intelligence Firm reports that a single unit has now transferred 80,000 BTC in equal parts to eight new wallets. The data on the chain reveals that these Bitcoin holdings were originally deposited in their previous wallets on April 2 and May 4, 2011, which indicates over 14 years of complete rest.
As with other major electoral transactions, the latest activation of these long-term BTC has warned market traders and investors, especially in the middle of the current BTC prices. The fact that these transfers did not involve exchange -associated wallets have helped to facilitate concern for imminent market sales.
Conor Grogan has however Warned These sudden Bitcoin transfers may have been the biggest crypto -theist in history. When explaining this theory, Coinbase Executive recognizes a small bitcoin cash (BCH) transaction from one of the corresponding wallet clusters about 14 hours before the massive Bitcoin movements.
The transaction, which is a test-like production of 10,000 BCH, valued at approximately $ 4.9 million was tracked on Bitcoin Cash blockchain. Grogan explains the fact that other BCH wallets remained dormant suggests that this special BCH transmission may have been hackers who tested the private key because BCH transactions are now usually traced by election monitoring services.
Another concern that Coinbase Executive emphasized is that the transfers were not automated or replaced -related, but rather seemed to be manual transactions, which increased suspicions of compromised private keys. Nevertheless, the Grogan retains the position that this theory represents “extreme speculation” which indicates that the transactions may really have been initiated by the wallet’s rightful owners.
In particular, several crypto analysts and enthusiasts have driven back to Grogan’s story and describe the last 8,000 BTC transmission as a “handshake transaction” rather than a hack. Especially an analyst with x -users name Binji acute Out that the slow and deliberate pace of the transactions seemed inconsistent with the behavior that was usually observed in the hack, especially if they were performed by a single device.
Bitcoin price overview
At the time of writing, Bitcoin exchange hands to $ 108,150 after a 1.06% decline over the past day. However, leading Cryptocurrency maintains a positive performance on larger time frames, as shown in winnings of 0.98% and 2.78% on the weekly and monthly diagram.
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