Suspicion surrounds mysterious $8.6 billion Bitcoin move

A mysterious transfer of 80,000 BTC, worth $8.6 billion, occurred on July 4, 2025, from eight dormant wallets inactive for 14 years, as reported by Arkham Intelligence. The transactions, conducted by a single entity, involved one 40,000 BTC transfer followed by four 10,000 BTC transfers over 10 hours, with the Bitcoin now held in eight new wallets. Coinbase’s Head of Product, Conor Grogan, speculated the transfer could be a hack, citing a preceding 10,000 BCH ($5 million) test transaction as suspicious, suggesting it was used to discreetly test the private key. However, others, including Bitcoin maximalist Sani, dismiss the hack theory, linking the transfer to Roger Ver, who may be settling tax debts with the IRS. Critics argue that hacking a Bitcoin private key is nearly impossible with current technology, and the slow transaction pace and BCH transfer logic do not align with a typical hack. Some suggest the BCH transaction was a standard handshake for large over-the-counter deals. Show Less