An unidentified individual initiated a transaction on Jan. 5, depositing 26.9 BTC, valued at approximately $1.19 million, into the Genesis wallet — the first wallet ever created on the Bitcoin (BTC) network by the pseudonymous entity known as Satoshi Nakamoto.
This transaction occurred at 1.52 AM ET, two days after Bitcoin celebrated its 15th anniversary, and was noteworthy because it was impossible to retrieve.
On-chain analytics platform Arkham Intelligence reported that before depositing the Bitcoins into the Genesis wallet, the mysterious wallet’s owner funded it through intricate transactions involving diverse addresses.
Arkham Intelligence also revealed that it had traced most of the funds back to a wallet that Binance is believed to own.
Just before the transfer to the Satoshi Nakamoto wallet, the mysterious sender withdrew nearly 27 BTC from the Binance exchange, with the wallet’s activity log only recording these two transactions.
Given that the law requires crypto exchanges such as Binance to have stringent KYC procedures, some believe the identity of the individual behind the transfer to Nakamoto’s wallet is potentially known to the Binance compliance team.
Reacting to the news, a Coinbase director, Conor Grogan humorously commented, “Either Satoshi woke up, bought 27 Bitcoins from Binance, and deposited them into their wallet, or someone just burned a million dollars.”
The Genesis wallet, known to be the brainchild of the pseudonymous inventor of Bitcoin, Satoshi Nakamoto, has primarily amassed trivial dust tran
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Author: Julius Mutunkei
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