8.6 billion dollars Bitcoin moves Sparks Fears of the Huge Horring star-news.press/wp

Evolution journalist

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Evolution journalist

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About the author

Amin Ayan is a coding journalist with more than four years of experience in this industry. He contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins and 24/7 Wall St.

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Last update:

July 5, 2025

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Connor Grogan, head of the Coinbase producer, filed warnings about a possible security breach that includes $ 8.6 billion from Bitcoin, which was transferred from permanent long wallets on Thursday.

“There is little possibility that 8 billion dollars in BTC, which has recently woke up, or specially at risk keys.” Posted on Friday x.

Bitcoin came from eight governorates who were asleep for more than 14 years.

Bitcoin’s cash treatment raises doubts before transferring $ 8B BTC

Grogan referred to an unusual treatment that includes Bitcoin in cash (BCH) just hours before the huge bitcoin movements.

He referred to the BCH test treatment one of a whale group, followed by comprehensive transfers of 10,000 BTC in a short time after a short time.

“What makes me say that this is that the other BCH wallet has not been touched at all; why don’t they sweep it either?” Gogan added, indicating that behavior can indicate keys to danger rather than the owner’s activity.

Blockchain Intelligence Arkham later confirmed that one entity was behind the transfers, as it moved every $ 8.6 billion in BTC from eight portfolios that received Bitcoin in April or May 2011.

Arkham said that the assets, which have not been affected for more than 14 years, have now been combined into eight new governorates, and have not been transferred since Thursday’s transactions.

Meanwhile, 10x research noted that speculation revolves around that this portfolio could belong to Roger Fair, an early early bitcoin known as “Bitcoin Jesus”.

Ver was released on bail from a Spanish prison on June 5, and the metal currencies that were recently revitalized in May 2011, just months after Ver started getting Bitcoin in February 2011.

If it is true, the governor may represent billions of dollars under VER control.

Despite speculation about potential penetration, the price of Bitcoin has remained fixed, as it decreased by 1 % in the past 24 hours, and is circulated by about $ 108,150 as of publication, according to Coinmarketca data.

Hacks Crypto, Investor Fraud cost $ 2.2 billion in H1 2025: CERTIK

Crypto investors lost more than $ 2.2 billion for breakthroughs, fraud and violations in the first half of 2025, which is largely driven by wallet concessions and hunting attacks, according to Certik’s security report.

Violations of the portfolio alone caused losses of $ 1.7 billion in only 34 accidents, while hunting fraud formed more than $ 410 million through 132 attacks.

Two major, including the BYBIT penetration of $ 1.5 billion in February and the exploitation of the CETUS of $ 225 million in May, exceeded the losses of the year to the top, representing approximately $ 1.78 billion.

Without these, the losses are closely in line with the previous years by about $ 690 million.

Ethereum has been the primary goal, suffering from losses of more than $ 1.6 billion in 175 events.

The report also indicated the high development of clinic plans and continuous risks of social engineering, and urged encryption users to verify links, avoid suspicious sites and use devices governor.