Exchange Executive: "Transfer of $8 Billion in BTC by a Whale Dormant for 14 Years" May Involve Private Key Compromise

According to Jinse Finance, Conor Grogan, an executive at a certain exchange, stated on social media that there is a possibility the private keys were stolen or leaked in the case of the “$8 billion worth of Bitcoin moved by a dormant whale after 14 years” yesterday. Conor discovered that one hour before the whale wallet made the large-scale BTC transfer, one of the wallets conducted a test transaction with Bitcoin Cash (BCH) and then immediately transferred out all the BCH. Conor believes this behavior is unusual, as other BCH wallets were not touched, and BCH is typically less monitored by whale-tracking services, making it a discreet way to test private keys. He speculates that these wallets are unlikely to belong to an exchange. Conor noted that while this is only speculation, if true, it could be the largest digital asset theft in human history.