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 recently woke up were hacked or compromised private keys,” Grogan observed, pointing out a suspicious Bitcoin Cash (BCH) transaction of over 10,000 tokens (valued...