Coinbase Director: Ancient whale that has been dormant for 14 years transferred $8 billion in BTC may involve private key leakage

By: odaily.com|2025/07/05 00:46:29

Odaily News Coinbase director Conor Grogan posted on social media that there is a possibility that the private key may have been stolen or leaked in the incident of a dormant Bitcoin whale that had been dormant for 14 years transferring $8 billion worth of BTC yesterday.

Conor found that one hour before the whale wallets made a large-scale transfer of BTC assets, one of the wallets conducted a test transaction of Bitcoin Cash (BCH) and then transferred out all BCH. Conor believes that this behavior pattern is unusual. Other BCH wallets have not been used. BCH is usually less concerned by whale monitoring services. It may be a low-key way to test private keys. He speculates that these wallets are unlikely to be exchange wallets. Conor said that although this is only speculation, if it is true, this may be the largest digital asset theft in human history.

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True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models