tldr; Conor Grogan, Coinbase's head of product, speculated on the 'small possibility' that the recent transfer of $8.6 billion worth of Bitcoin from eight wallets, dormant for over 14 years, could be due to a hack. If true, it would mark the largest heist in history. Grogan noted a suspicious Bitcoin Cash transaction preceding the transfers, suggesting it might have been a test of private keys. Blockchain firm Arkham confirmed the Bitcoin was moved to new wallets but remains unmoved since. The event has not significantly impacted Bitcoin's price.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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