“If true (again, I’m speculating on straws here), this would be by far the largest heist in human history.”
The BTC had been moved to the original wallets on 2nd April or 4th May, 2011, Arkham Intelligence noted/ It added that the transactions had been conducted by a “single entity.”
The transactions began with the transfer of 40,000 BTC from a dormant wallet, followed by four transactions of 10,000 BTC each across a total of 10 hours. The Bitcoins have not been sold or further transferred since the five transactions — the BTC is currently held in eight new wallets.
Grogan said that there is a possibility the owner of the wallets was trying to discreetly test the private key without attracting attention with the test BCH transaction. This is because BCH transactions are not closely monitored by platforms tracking whale wallets, he said. However, Grogan wrote:
“What makes me say this [BTC transfers were a hack] is the other BCH wallets have not been touched at all; why wouldn’t they also sweep these?”
He further added that he does not believe the transactions were conducted by an exchange because of the BCH test transaction, and since the BTC transactions were executed manually.
“The security isn’t just strong – it’s mathematically absurd to even attempt with any conceivable technology. With quantum computing, it’d take an estimated 30-40 years, but that is just theoretical at this point.”
“Given how slowly these sends transpired, it’s hard to be convinced it’s a hack, I’d imagine they would be a bit faster with moving these funds.”
