A director at Coinbase has expressed concerns regarding the recent activation of $8 billion worth of long-inactive Bitcoin, suggesting it may have been the result of a cyberattack. Conor Grogan, a Coinbase executive, speculated that the substantial amount of Bitcoin (BTC) that recently became active could potentially be linked to hacking activities.
To support his assertion, Grogan referenced a specific incident that raises questions about the legitimacy of the Bitcoin movement.
