$8.6 Billion Bitcoin Transfer Raises Hack Concerns
- $8.6 billion worth of Bitcoin moved from eight wallets, dormant for over 14 years.
- A suspicious Bitcoin Cash transaction preceded the movement of funds.
- Blockchain intelligence firm Arkham identified a single entity behind the transfers.
- The Bitcoin is now stored in eight new wallets and has not been moved since.
- Bitcoin‘s price remained stable, dipping only by about 1% to $108,150.
Coinbase’s Conor Grogan speculated on a potential hack involving $8 billion in Bitcoin after observing unusual activity linked to dormant wallets and a preceding Bitcoin Cash transaction.
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