Yes. We all know. Every media outlet has been reporting it.
coinfeeds-bot on
tldr; Coinbase director Conor Grogan suggests that the sudden movement of $8 billion in dormant Bitcoin wallets may be linked to a hack or compromised private keys. Grogan observed a test transaction on the Bitcoin Cash (BCH) network from one of the wallets shortly before the BTC transfer, indicating an attempt to avoid detection. The wallets, inactive for over 14 years, first accumulated Bitcoin when its price was $0.78. Grogan speculates the BCH test was used to verify access before transferring the BTC.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
idlefritz on
I’m sure this cryptocurrency experiment will turn out just fine.
Space2999 on
Because who would bother to test out a new wallet before moving their $8B btc to it?
LoudAndCuddly on
I would be dumping bitcoin right about now
Jaxsoy on
Ah just a small $8 billion, no biggie
zona-curator on
The future of finance
Present-Percentage88 on
Classic fud, Blackrock trying to scare you into selling your wallet. Remember, you will own nothing, not even Bitcoin
Petursinn on
This is honestly what is going to keep cryptocurrencies down for a while. The security is a concern and the fact that these amounts of money can be moved after a hack is a huge concern for any nation that tries to incorporate decentralized cryptocurrencies into its federal reserves. Think about a hack like this on a national scale. In a way this is a feature of the technology, but also what will keep it from ever becoming an international standard of value or a reserve currency. The scams and hacks are rampant, and they always will be as long as the decentralized system is running, it simply means that it will be a „side“-economy, not the main national reserve of countries, and that is totally fine.
Awkward-Push136 on
Saying that so they attempt to seize?
lordchickenburger on
How long are they going to milk this
nohiddenmeaning on
Wouldn’t this raise the chances of detection? Why not just go for the big one immediately?
1BannedAgain on
That’s it peeps. Quantum computer used to hack the bitcoin blockchain. Tether dies after the exchanges apply pressure. Then exchanges die
This hacker stole money nobody would miss. Now the hacker is Selling bags to Saylor
Moceannl on
The reasoning is also quite strange. Because they tested on Bitcoin Cash, it is a hack?
JH272727 on
Who cares ?
GentlemenHODL on
>Grogan observed a test transaction on the Bitcoin Cash (BCH) network from one of the wallets shortly before the BTC transfer, indicating an attempt to avoid detection.
This implies the exact opposite. If I was hacking someone’s wallet and I found the private key I would immediately transfer those assets.
I certainly wouldn’t break into a museum and steal the stand that holds the relic before taking the relic.
I get that 4 million is nothing to piss at but compared to 8 billion it’s pennies. Always take the high target first.
The logic is also flawed that this would avoid detection. If they’re going to take it all they’re going to take it all. The order in which they take it is not going to change any detection.
CGI_OCD on
Repost No. 24533…..
Geesle on
Either someone on the inside or a result of decryption which one is it?
Ikki_The_Phoenix on
Yeah. It’s going to be a major crypto winter…
Lazy-Abalone-6132 on
Bitcoin no longer has the security people think it has.
The whales are in and are laughing at later entry holders. It was a scam to pull value away from a currency or legal tender connected to representative government where people can have control (positive influence).
This fits into the hoarding capital exercise of post-financial capitalism (late-stage capitalism) to maintain wealth through non-productivity over hoarding finite items of perceived value.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
20 Kommentare
Yes. We all know. Every media outlet has been reporting it.
tldr; Coinbase director Conor Grogan suggests that the sudden movement of $8 billion in dormant Bitcoin wallets may be linked to a hack or compromised private keys. Grogan observed a test transaction on the Bitcoin Cash (BCH) network from one of the wallets shortly before the BTC transfer, indicating an attempt to avoid detection. The wallets, inactive for over 14 years, first accumulated Bitcoin when its price was $0.78. Grogan speculates the BCH test was used to verify access before transferring the BTC.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I’m sure this cryptocurrency experiment will turn out just fine.
Because who would bother to test out a new wallet before moving their $8B btc to it?
I would be dumping bitcoin right about now
Ah just a small $8 billion, no biggie
The future of finance
Classic fud, Blackrock trying to scare you into selling your wallet. Remember, you will own nothing, not even Bitcoin
This is honestly what is going to keep cryptocurrencies down for a while. The security is a concern and the fact that these amounts of money can be moved after a hack is a huge concern for any nation that tries to incorporate decentralized cryptocurrencies into its federal reserves. Think about a hack like this on a national scale. In a way this is a feature of the technology, but also what will keep it from ever becoming an international standard of value or a reserve currency. The scams and hacks are rampant, and they always will be as long as the decentralized system is running, it simply means that it will be a „side“-economy, not the main national reserve of countries, and that is totally fine.
Saying that so they attempt to seize?
How long are they going to milk this
Wouldn’t this raise the chances of detection? Why not just go for the big one immediately?
That’s it peeps. Quantum computer used to hack the bitcoin blockchain. Tether dies after the exchanges apply pressure. Then exchanges die
This hacker stole money nobody would miss. Now the hacker is Selling bags to Saylor
The reasoning is also quite strange. Because they tested on Bitcoin Cash, it is a hack?
Who cares ?
>Grogan observed a test transaction on the Bitcoin Cash (BCH) network from one of the wallets shortly before the BTC transfer, indicating an attempt to avoid detection.
This implies the exact opposite. If I was hacking someone’s wallet and I found the private key I would immediately transfer those assets.
I certainly wouldn’t break into a museum and steal the stand that holds the relic before taking the relic.
I get that 4 million is nothing to piss at but compared to 8 billion it’s pennies. Always take the high target first.
The logic is also flawed that this would avoid detection. If they’re going to take it all they’re going to take it all. The order in which they take it is not going to change any detection.
Repost No. 24533…..
Either someone on the inside or a result of decryption which one is it?
Yeah. It’s going to be a major crypto winter…
Bitcoin no longer has the security people think it has.
The whales are in and are laughing at later entry holders. It was a scam to pull value away from a currency or legal tender connected to representative government where people can have control (positive influence).
This fits into the hoarding capital exercise of post-financial capitalism (late-stage capitalism) to maintain wealth through non-productivity over hoarding finite items of perceived value.