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Old Bitcoin whale wallets holding $8 billion in BTC suddenly moved after 14 years of dormancy, sparking speculation of a hack. Coinbase director Conor Grogan suggests a test transaction on Bitcoin Cash may indicate compromised private keys. The unusual activity raises questions about the security of long-dormant crypto assets.
- A test transaction on Bitcoin Cash (BCH) preceded the $8 billion BTC transfer, suggesting a possible hack attempt.
- The whale wallets had been inactive for over 14 years, dating back to when BTC was valued at $0.78.
- The manual nature of the BTC transfers and untouched BCH wallets add to the unusual circumstances of the movement.
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