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
0
Share
copy

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.

You may also like

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

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.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com