Conor Grogan, product manager in Coinbase, believes that there is a “small possibility” that the transfer of $ 8.6 billion in Bitcoin (BTC) on July 4 was a hack. By calling for his claim “extreme speculation” in an X post on Friday, Grogan said he had found that the transaction movements were “extremely strange”. He added:
“If it is true (once again, I speculate on the straws here), it would be by far the greatest robbery of human history.”
The transfer of 80,000 BTC
Friday, eight BTC portfolios in sleep for 14 years have transferred a total of 80,000 BTC, operate around $ 8.6 billion, according to the Arkham Intelligence blockchain analysis platform. The massive scale of transactions has exceeded the gross domestic product (GDP) of Montenegro, a small country nestled in the south-east of Europe which ranks 147th in terms of GDP.
The BTC had been moved to the original wallets on April 2 or May 4, 2011, Arkham Intelligence noted that the transportation had been confronted by “unique entertainment”.
The transactions have started without the bitcoins having not been sold or is not transferred from the five transersions – the BTC is currently organized in eight new portfolios.
Sani, a Bitcoin maximalist and founder of Time Index, estimates that the 80,000 BTC transferred belong to Roger Ver, also known as “Bitcoin Jesus”. Ver, a first Bitcoin investor, was arrested in Spain last year on American tax fraud pairs. He owes the Internet Revenue Revenue Service (IRS) at least $ 48 million in taxes, according to the Ministry of Justice (DOJ).
Responding to an X user, Sani noted that blow transfers were an indecision that Verd received an agreement with the IRS, and a regulation could be in the pipeline.
Grogan hack theory
Grogan underlined a Bitcoin Cash test transaction (BCH) which precessible Bitcoin transfers as potential proof of an unfair game. The entity which transferred the 80,000 bitcoins transferred 10,000 BCH, works nearly $ 5 million and return to one of the original portfolios one hour before the BTC transfer.
Grogan said there was a possibility that the owner of the portfoli was trying to discreetly test the private key with the Atting with the BCH test transaction. This is because BCH transactions are not closely monitored by platforms that follow which portfolios, he said. Howver, Grogan wrote:
“What makes me say that [BTC transfers were a hack] are the other bats. Why are they going
He also added that he had not had the transactions that were led by an expression because the BCH test transaction, and since BTC transactions have been managed.
Many do not agree with the theory of grogan hacking
While some X users easily agreed with grogan reasoning, the Oners excluded the Sani pose, for example, said that he did not think that transactions invoked a hack that responds to a user referring to the grogan position.
A Formaire publication developer who goes through “Bretep” on X explained that it is practically impossible to hack a private special Bitcoin key using any current technology. In fact, the opportunity is one on more than 115 quatvigintilla (75 zeros) – a person looks more like
“Security is not only forces, mathematically absurd to try even with imaginable technology. With quantum computer, it would take around 30 to 40 years, but this is only the day to this question.”
An X user who passes “Bizzy” underlined the logical defect in Gran’s conclusion. Here is a crook would not have transferred the Blakes before the BTC transactions flow, which risked the “tip of the owner”.
In addition, Barthazian.eth, a pseudonymic user of X, said that the virgin transaction that Grogan stressed as a suspect was a handshake transaction, you are common in the event of important over -the -counter transport.
In addition, the contributor of optimism and former product manager Coinbase Binji Pande noted that the slowly execution of the BTC transersions wrote:
“Give how much they slowly send the transparency, it is difficult to be a convincid that it is a hack, I imagine that they would be a little faster with the displacement of these pleasure
