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The Coinbase executive says he is \u201cspeculating on straws,\u201d but if it is true, it would be \u201cby far the largest heist in human history.\u201d<\/p>\n
Conor Grogan, Coinbase\u2019s head of product, says there\u2019s a slight chance the $8.6 billion worth of Bitcoin moved on Thursday \u2014 from eight wallets that had held the Bitcoin for over 14 years \u2014 was caused by a hack, and if so, it could be the largest robbery ever.<\/p>\n
\u201cIf true (again, I\u2019m speculating on straws here), this would be by far the largest heist in human history,\u201d Grogan said<\/a> in an X post on Friday, after raising the slim chance that the $8.6 billion worth of Bitcoin (BTC<\/a>) moved from eight separate wallets was the work of bad actors.<\/p>\n \u201cThere is a small possibility that the $8B in BTC that recently woke up were hacked or compromised private keys,\u201d Grogan said, pointing out a suspicious Bitcoin Cash (BCH<\/a>) transaction made before the significant transfers<\/a> on Thursday involving 10,000 Bitcoin at a time.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n