$8B BTC Movements May Have Been Preceded by Covert Bitcoin Cash Test
2025-07-05 14:28:38
Main Idea
Eight dormant Bitcoin wallets from 2011 transferred 10,000 BTC each to new SegWit addresses, sparking speculation about the motives behind the $8.5 billion movement, including possible covert testing via Bitcoin Cash.
Key Points
1. Eight wallets dormant since 2011 moved 10,000 BTC each to new SegWit addresses, totaling $8.5 billion.
2. The transfers occurred over 14 years after the initial Bitcoin receipts, known as the 'Satoshi era.'
3. Speculation includes covert testing via Bitcoin Cash (BCH), as only one associated BCH address was touched.
4. Theories range from private key leaks to quantum computing threats targeting early Bitcoin addresses.
5. The timing of the BCH test coincided with the massive BTC transfers, suggesting preparatory probing.
Description
Movements of bitcoin cash (BCH) took place amid the mysterious transfers of $8.5 billion worth of ‘Satoshi-era’ bitcoin late Friday. Conor Grogan, a director at Coinbase, flagged a suspicious BCH transaction of over 10,000 tokens (worth nearly $5 million at current prices) tied to one of the whale wallets hours before the main transfers began. The move raised the possibility that someone may have gained access to legacy private keys and quietly tested them before initiating the massive BTC movem...
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