<ul data-eligibleForWebStory="false"><li>Coinbase's head of product, Conor Grogan, raised concerns about an $8.6 billion Bitcoin transfer from dormant wallets possibly indicating a significant hack.</li><li>The transfer involved BTC from eight wallets inactive since 2011, with one wallet testing key functionality with a small Bitcoin Cash transaction beforehand.</li><li>Blockchain firm Arkham confirmed the coins originated from a single source, untouched for over 14 years, and were moved into new wallets, raising questions about potential theft or reorganization.</li><li>The incident has sparked speculation within the cryptocurrency community about the motives behind the massive Bitcoin transfer and its implications for security in the crypto space.</li></ul>

Coinbase’s Conor Grogan Flags $8.6B ‘Sleeping’ Bitcoin Wake-Up as Potential Historic Hack

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