Panic rippled through the crypto world after Arkham reported that dormant Satoshi-era wallets, untouched for over 14 years, had suddenly moved $8.6B worth of $BTC on Thursday, June 3.

The news immediately triggered fear, uncertainty, and speculation that the reactivation of these billionaire-level wallets could lead to a massive sell-off. As a result, $BTC dropped from over $109K to around $107K.

But things took an even more serious turn when Coinbase’s head of product, Conor Grogan, warned that there’s a slight chance the $BTC transfer was the result of a hack.

Keep reading to learn everything about Grogan’s warning, what it could mean for crypto security at large, and how it sets the stage for a project like Best Wallet Token ($BEST) to become the next crypto to explode.

$8.6B Bitcoin Transferred to Eight New Wallets

The exact concern that made Conor Grogan suspect a potential hack revolves around a suspicious Bitcoin Cash ($BCH) transaction that took place just before the massive $8.6B Bitcoin transfer.

“I found a single BCH test transaction from one of the BTC whale clusters 14 hours ago, followed by the full amount. An hour later, the BTC wallets began to move,” Grogan said on X.

This is suspicious because the concerned $BCH wallet shares the same private key format as the $BTC wallets that later transferred $8.6B worth of Bitcoin.

The fact that only one $BCH address was touched suggests that it may have been a quiet test by someone who gained unauthorized access and was simply verifying a stolen or compromised private key.

The choice of using $BCH for the test also makes sense, as it tends to draw less attention than a $BTC wallet transaction.

All in all, as the crypto world awakens to the extreme dangers of these large-scale hacks and thefts, the need for secure self-custody solutions like Best Wallet offering a future-proof way to protect your assets while staying in full control is no longer optimal; it’s essential.

What is Best Wallet?

Powered by the Best Wallet Token ($BEST), Best Wallet is one of the best non-custodial crypto wallets going around right now. This is a huge plus for anyone looking to prioritize crypto privacy and self-sovereignty.

By giving you full control over your private keys, Best Wallet ensures that only you can access and manage your stored digital assets. No third-party interference.

Additionally, the wallet comes with a huge assortment of both essential and advanced security features.

For example, you get top-tier 2FA/MFA options, including biometric authentication, to block any unauthorized access to your funds.

On top of that, there are nifty extras like built-in scam and hack detection, anti-phishing safeguards, and even crypto insurance, which can make you whole in the rare event of a breach or loss.

Also, Best Wallet is currently in development and we can expect more features to roll out soon. These include advanced anti-fraud protection and defenses against sophisticated MEV (Miner Extractable Value) attacks, further strengthening the wallet’s commitment to user security.

Buy Presale Neme Coins Directly, Clean Portfolio Management, and More

In addition to offering airtight security, Best Wallet also stands out by being the ONLY wallet that lets you buy new meme coins on presale directly from within the app.

Unlike other free crypto wallets that ask you to visit external presale websites, connect your wallet manually, and go through multiple steps to buy, Best Wallet’s built-in ‘Upcoming’ section allows you to seamlessly browse, evaluate, and buy the best meme coins without ever having to leave the app.

With Best Wallet, you can effortlessly create and manage multiple Ethereum wallets, which you can use to better organize your digital assets.

You might use one wallet for airdrops, another for crypto trading, and yet another for long-term holding. The flexibility is there for you to capitalize on!

Speaking of crypto trading, Best Wallet has some exciting upgrades on the horizon. These include support for limit buy/sell orders, stop-losses, and even dollar cost average (DCA), which would transform Best Wallet into a full-fledged trading terminal.

Buy $BEST and Be a Part of Best Wallet’s Rise

With everything it brings to the table, it’s easy to see why Best Wallet is on track to reach its goal of capturing over 40% of the non-custodial crypto wallet market by 2027.

The best part? You can become a part of this growth by investing in the Best Wallet Token, the wallet’s native crypto that powers the entire ecosystem.

One $BEST is currently priced at just $0.025285, and the project has in total amassed over $13.7M, making it one of the best crypto presales of 2025.

Buying $BEST doesn’t just give you front-row seats to the wallet’s growth, but it also unlocks an array of exclusive benefits.

These include discounted transaction fees, lower gas fees, governance rights, staking rewards (currently 100%), and early-bird access to new meme coin launches.

For a deeper dive into Best Wallet, be sure to check out its official whitepaper. And to stay up-to-date with the latest announcements, follow Best Wallet on X feed and join its Telegram channel.

Disclaimer: Investments in crypto are highly risky due to the market’s volatility. This article isn’t financial advice, and we urge you to do your own research before investing.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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Filed under: Bitcoin - @ July 6, 2025 2:07 am