Recent statements by Coinbase executive Conor Grogan suggest a possible hack of an address containing approximately $8 billion in Bitcoin.
Signs of a Hack
Conor Grogan noted that the activity on the compromised address may indicate that the private keys could have fallen into the hands of malicious individuals. If confirmed, this incident could go down in history as one of the largest thefts in cryptocurrency.
Some Mysterious Transactions
Grogan shared a detail supporting his claim: '14 hours ago, a low-amount test transaction was carried out on the Bitcoin Cash (BCH) network from an address belonging to the BTC whale cluster. This may have been done to test whether the private key was valid.' He noted that all BTC assets started moving approximately one hour after this transaction.
Expert Opinions
The expert also emphasized that the operation on the BCH network was somewhat unusual: 'BCH is not very well tracked by whale tracking systems. So it is as if the address owner tested the private key here in order to remain anonymous.' Additionally, other BCH addresses connected to the same set of wallets remain dormant, raising further suspicions.
While Grogan emphasizes that the data is not yet conclusive and all findings are speculative, the possible hack raises important questions about the security of large cryptocurrency transactions.
