Well, this is a plot twist no one saw coming! A Coinbase director is hinting that a hack could be behind the sudden $8 billion Bitcoin movement. Let’s dive in. 🧐
So, Conor Grogan, who works at Coinbase (fancy, right?), thinks the sudden awakening of $8 billion worth of Bitcoin BTC) could be due to a hack. 🎩
Why? Well, Grogan noticed a single BCH test transaction right after the Bitcoin movement happened. Coincidence? He thinks not.
Grogan tossed out the theory on X (formerly Twitter, but let’s be real, it’s still Twitter) that the hacker *might* have picked BCH for their test run because, get this, it’s “not really tracked by crypto whale watchers.” Because who’s paying attention to BCH anyway? 🙄
He pointed out that the hacker could’ve tested their private key using BCH, and since “whale watching services” don’t give it the love Bitcoin gets, it wouldn’t raise any alarms. Seems like someone was low-key testing the waters before diving into the big leagues. 🏊♂️
Grogan did acknowledge that this is all just speculation, but hey, there’s no harm in throwing out a juicy theory, right? And get this—he pointed out that the BTC movement was manual (meaning, no exchanges involved), so yeah, this could very well be a hack. Or not. Who knows? 🤷♂️
Naturally, some X users (because people love to be conspiracy detectives) hopped on the bandwagon, agreeing with Grogan’s theory. One person suggested it was a “classic key test check behavior,” and another wildly guessed that someone had cracked an old wallet.dat file after years of trying. 🕵️♀️
Grogan wasn’t having it, though. He fired back asking why the hacker only touched a $2 million stash of BCH in one wallet, but didn’t bother with the rest of the pile. He’s like, “Why leave money on the table?” 💸
Another user named Binji decided to throw some cold water on the whole “hack” thing, arguing that the slow pace of the transactions doesn’t really scream “hack.” You know, because when you’re stealing $8 billion, you want to move fast, right? ⏳
But wait, there’s more! Other people started speculating that a quantum computer might have cracked the key. Cue the sci-fi music, please. 🖥️💥 Let’s hope they’re right, because if quantum computers are breaking crypto keys, we’re all in for some crazy future. 😜
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2025-07-06 10:57