Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»An unidentified wallet sent $1.2 million in BTC to Satoshi Nakamoto.
BLOCKCHAIN NEWS

An unidentified wallet sent $1.2 million in BTC to Satoshi Nakamoto.

By Crypto FlexsJanuary 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
An unidentified wallet sent .2 million in BTC to Satoshi Nakamoto.
Share
Facebook Twitter LinkedIn Pinterest Email

An unidentified individual began trading on January 5, depositing 26.9 BTC, worth approximately $1.19 million, into the Genesis wallet. The Genesis wallet is the first wallet created on the Bitcoin (BTC) network by a pseudonymous entity known as Satoshi Nakamoto.

This transaction took place at 1:52 a.m. ET, two days after Bitcoin celebrated its 15th anniversary, and attracted attention because it was impossible to retrieve.

Arkham Intelligence, an on-chain analytics platform, reported that before depositing Bitcoin into the Genesis wallet, the owner of the mysterious wallet funded it through complex transactions involving various addresses.

Source: Arkham Intelligence

Arkham Intelligence also said it traced most of the funds to wallets believed to be owned by Binance.

Just before the transfer to the Satoshi Nakamoto wallet, the mysterious sender withdrew nearly 27 BTC from the Binance exchange, with only these two transactions recorded in the wallet’s activity log.

Given that cryptocurrency exchanges like Binance are required by law to undergo strict KYC procedures, some believe that the identity of individuals who transferred to Nakamoto Wallet could potentially become known to the Binance compliance team.

In response to the news, Coinbase director Conor Grogan humorously commented, “Either Satoshi woke up and bought 27 bitcoins on Binance and deposited them into his wallet, or someone just burned a million dollars.”

Known as the brainchild of pseudonymous Bitcoin inventor Satoshi Nakamoto, the Genesis Wallet has been accumulating mainly minor dust transactions since its launch on January 3, 2009.

Although it is theoretically possible that Nakamoto still holds the private keys to this wallet and can transfer funds, the common belief is that this is highly unlikely.

Evidence supporting this belief is that funds in Nakamoto-related wallets, including funds from the Genesis block, have not moved since the Bitcoin inventor’s disappearance in December 2010.

Initially, when Nakamoto disappeared, his Genesis wallet contained 50 BTC. However, over the years, funds have been flowing into the wallet, reaching 72 BTC by the end of 2023. This latest transaction brings the wallet balance to approximately 99.68 BTC, which at current exchange rates is equivalent to approximately $4.3 million.

Cryptocurrency enthusiasts have come up with several theories about this unexpected transaction.

Some believe this is a tribute to the creator of Bitcoin, considering it happened two days after Bitcoin’s 15th anniversary. Others speculate that this could have been a huge financial mistake or a costly public relations move.

At the same time, some perceive this as an attempt to create euphoria ahead of the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Skale Labs fairly publishes a technical white paper and introduces the industry’s first “encryption proof” consensus protocol.

September 10, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Add A Comment

Comments are closed.

Recent Posts

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025
Most Popular

Shiba Inu New Price Prediction: SHIB Set to Double Up, O2T CEX Lists Immediate Rebound.

May 29, 2024

Fantom (FTM) price has surged 40% in a month. What’s behind this trend?

September 16, 2024

Sui unveils popular location and initial speakers for first annual basecamp event

February 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.