Concerns escalate as Coinbase's Conor Grogan links a massive Bitcoin transfer to potential hacking, fueled by unusual Bitcoin Cash transactions.
Conor Grogan, head of product at Coinbase, raised alarms over an $8.6 billion Bitcoin transfer from dormant wallets, suggesting a possible hack. This transfer involved eight wallets dormant for over 14 years, with unusual Bitcoin Cash transactions preceding the movement. Speculation surrounds Roger Ver as the potential owner of the wallets. Despite the concerns, Bitcoin's price remains stable at around $108,150.