<ul data-eligibleForWebStory="false"><li>Conor Grogan from Coinbase suggested that the $8.6 billion Bitcoin transfer from a dormant whale might be linked to a hack of a private address.</li><li>Speculation raises questions on whether the Satoshi-era Bitcoin whale wallet was hacked with unusual testing of private keys before the transfer.</li><li>Recent reports hint at Bitcoin whale deposits rising, with a significant deposit made on Binance following the activation of a long-dormant Bitcoin wallet.</li><li>A unique scenario emerged as new Bitcoin whales realized profits exceeding $641 million while simultaneously incurring losses totaling $1.24 billion.</li></ul>

‘Small Possibility’ $8.6B Bitcoin Transfer Was a Hack — Says Coinbase Executive

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