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

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 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

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025
Most Popular

Improve AI Inference on HGX H200 with NVIDIA’s TensorRT-LLM Multiblock Attention

November 22, 2024

Ethereum could target $3,400 if it breaks above bullish pattern – Details

October 16, 2024

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025
  • 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.