April 23, 2024

$1.2 million mysteriously deposited in missing Bitcoin founder’s abandoned wallet — money deposited anonymously in Satoshi’s Genesis wallet

A mysterious deposit of 26.9 BTC has been added to the Genesis wallet. Worth approximately $1.2 million by current valuations, the Bitcoins were transferred to Satoshi Nakamoto’s first cryptocurrency wallet on Friday, January 5, at 1.52 am ET. As ‘Mr Nakamoto’ is missing and there have been no transfers out of this or any of his other known holdings since 2010, the sizable deposit has raised a lot of eyebrows and sparked heated discussion.

The 26.9 BTC Genesis deposit came from a wallet that was funded by a series of rather complex transactions. Three wallets moved funds to 12 wallets, and then the funds were brought together in one wallet which appeared to belong to Binance, according to blockchain analytics platform Arkham Intelligence. That last wallet in the donor chain was emptied into ‘Satoshi 1’, the Genesis wallet.

(Image credit: Blockchain.com)

The deposited BTC had traveled a very circuitous route, even for cryptocurrency, and to have it drop into what seems to be a monetary black hole makes it an even stranger transaction. As mentioned in the intro, Nakamoto’s funds have effectively been abandoned for well over a decade.

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