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Bitcoins from Satoshi Nakamoto’s wallet have been moved
Bitcoins from Satoshi Nakamoto’s wallet have been moved
Bitcoin

Bitcoins from Satoshi Nakamoto’s wallet have been moved

By Amelia Tomasicchio - 20 May 2020

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According to a post just published on Twitter by the well-known Whale Alert, 40 Bitcoins (BTC) have been moved by a wallet allegedly belonging to Satoshi Nakamoto.

40 Bitcoins at the current exchange rate correspond to about 400 thousand dollars. 

As explained by Whale Alert, these BTC were mined during the first month of Bitcoin’s existence, which is why they are thought to belong to Satoshi Nakamoto.

How is it possible these bitcoins were moved?

The options are the following:

  • Satoshi Nakamoto is still alive (according to some theories he died years ago);
  • The wallet doesn’t really belong to the creator of Bitcoin;
  • Someone has taken possession of Satoshi’s wallet legally (an inheritance?) or otherwise.

Due to the fact that Bitcoin’s blockchain is public, Whale Alert offers a transaction monitoring service, especially for the most famous wallets, whales or exchange wallets.

Recently it has partnered with Bitfinex to publish its posts on the social network of the exchange, Bitfinex Pulse (also The Cryptonomist can be found here).

Who is Satoshi Nakamoto really?

The creator of Bitcoin has always been hiding under a pseudonym and nobody knows who he/she is, even though Satoshi interacted with several people in the industry in the early days when writing about his invention on forums.

Recently Adam Back had been identified as Satoshi, but he denied this statement; in the meantime, there’s Craig Wright who’s doing everything he can to prove he’s Satoshi, but with poor results that have also led him to court several times.

Over the years, there have been many speculations about Satoshi’s identity: some say he’s a woman, some say he’s a group of people, some say he’s dead and whatnot.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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