This week, an event attracting the cryptocurrency community's attention occurred: a transfer of $8.6 billion in Bitcoin from old wallets. These funds had remained dormant for a long time, raising questions about possible hacks.
Suspicious Bitcoin Transfers
On Thursday, a transfer of $8.6 billion worth of Bitcoin was made from eight addresses that had been inactive for over 14 years. Conor Grogan, the director of America’s largest cryptocurrency exchange, pointed out that there is a chance this operation could be linked to a hack.
Connection to BCH Transaction
Grogan also noted a suspicious Bitcoin Cash (BCH) transaction involving over 10,000 tokens (approximately $5 million) made prior to the major Bitcoin transfers. He highlighted that such actions could indicate testing of private keys before large movements of funds.
Potential Market Pressure
According to onchain analysts, all of the Bitcoin was moved to original wallets on April 2 or May 4, 2011, and had been untouched for over 14 years. Despite this, the funds are still sitting in new wallets and have not been transferred to exchange addresses, leaving open questions about potential market pressure.
The situation regarding the Bitcoin transfers remains unclear, and while no one has publicly claimed ownership of these wallets, analysts continue to monitor the developments.
