The post Large Bitcoin Transfer from Dormant Wallets Raises Possible Private Key Security Concerns appeared on BitcoinEthereumNews.com.

A historic transfer of over 80,000 Bitcoin from dormant wallets has triggered significant concerns about potential private key compromises within the crypto community. This unprecedented movement, involving assets inactive for nearly 14 years, has prompted market participants to adopt a cautious stance amid fears of security breaches. According to Coinbase Head of Product Conor Grogan, a preceding Bitcoin Cash test transaction suggests possible unauthorized access, intensifying scrutiny across the industry. Historic 80,000 BTC transfer from dormant wallets raises private key security concerns, prompting cautious market observation amid no immediate liquidation signs. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Historic 80,000 BTC Transfer Sparks Private Key Security Concerns In a rare and significant event, over 80,000 BTC—valued at approximately $8.6 billion—was moved from wallets dormant for nearly 14 years. This transfer, one of the largest in Bitcoin’s history, was flagged by Coinbase’s Conor Grogan, who highlighted a suspicious Bitcoin Cash (BCH) test transaction preceding the BTC movement. The scale and timing of these transactions have raised alarms about a possible private key compromise, a critical security concern in cryptocurrency management. Market participants are closely monitoring the situation, as such a large transfer from long-inactive wallets is unusual and could indicate unauthorized access. Despite the magnitude, no immediate sell-off or liquidation pressure has been observed, suggesting the movement may be a strategic redistribution rather than a panic-driven sell event. ‘,…

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Filed under: News - @ July 6, 2025 7:15 am