$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase's Conor Grogan
12 Articles
12 Articles
Massive Bitcoin Transfer From Dormant Wallets Raises Concerns About Potential Breach
A Coinbase executive has raised the possibility that Thursday's transfer of 80,000 Bitcoin worth $8.6 billion could represent the largest theft in human history. According to Cointelegraph, Conor Grogan, Coinbase's head of product, stated there is a "small possibility" the movement from eight wallets dormant for over 14 years was the result of compromised private keys.The transfers occurred on July 4, 2025, involving wallets that had remained un…
Coinbase Director Suggests Hack Behind $8B Bitcoin Movement
One of the Coinbase directors, Conor Grogan, raised alarm over $8 billion worth of inactive Bitcoin. He opines that it is the movement that might signal a hack. The Bitcoin is a seven-year-old one. Grogan wonders it is not a typical sell-off. He has the suspicion of an organized security breach. In its recent report, BeInCrypto purports that a block of 20,000 BTC, or more than 2 billion dollars, was transferred through 2011 wallets. Coinbase is …
Coinbase Director Flags Possible Hack Behind $8B Bitcoin Awakening - Coin Surges
A Coinbase director has raised suspicions that the recent movement of $8 billion in long-dormant Bitcoin may be the result of a hack. Conor Grogan, a Coinbase director, has speculated that the $8 billion in Bitcoin ( BTC) that recently “woke up” could have been hacked. To back this claim, Grogan pointed to a single […] Read Entire Article The post Coinbase Director Flags Possible Hack Behind $8B Bitcoin Awakening appeared first on Coin Surges.
Largest Heist Ever? Coinbase Exec Explains Why The Mysterious $8 Billion BTC Transfer Was Possibly A Hack
On Thursday, a single entity transferred $8.6 billion worth of Satoshi-era Bitcoin from eight addresses that had held on to the BTC fortune for over 14 years. Conor Grogan, the director of America’s biggest crypto exchange, Coinbase, suggested there is a chance the $8.6 billion BTC movement was caused by a hack that might set a new heist record. Suspicious BCH Transaction Raises Alarm “There is a small possibility that the $8B in BTC that recent…
'Small Possibility' $8.6B Bitcoin Transfer Was a Hack — Says Coinbase Executive - Crypto News Flash
Coinbase’s Conor Grogan stated that the Bitcoin whale, which transferred 80,009 BTC worth $8.6 billion, happened after the hack of a private address. Meanwhile, newer whales have shown a rare pattern of simultaneously realizing $641 million in profits and $1.24 billion in losses. The massive movement of 80,0000 Bitcoins worth $8.6 billion by a dormant whale from the Satoshi era has stirred up discussions in the crypto community. As many speculat…
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