Coinbase Director: "Satoshi Likely Continued On-Chain Activity Until 2014"

Source
YM Lee

Summary

  • Coinbase's Connor Grogan mentioned the possibility that Satoshi Nakamoto continued on-chain activities until 2014.
  • Grogan stated that Satoshi holds about 1.1 million Bitcoin (BTC) and tracked the wallet based on a specific pattern.
  • He added that if the KYC information of the wallet is maintained, Kraken officials could know Satoshi's identity.

Coinbase's Connor Grogan mentioned that Bitcoin (BTC) founder Satoshi Nakamoto might have continued on-chain activities until 2014.

According to The Block's report on the 6th (local time), Connor Grogan recently tracked Satoshi's wallet based on the Patoshi pattern cataloged by Arkham Intelligence. He estimated that "Satoshi Nakamoto holds about 1.1 million BTC."

The Patoshi pattern is a mining pattern that continuously avoids consecutive block mining in early Bitcoin blocks presumed to be owned by Satoshi to maintain network decentralization.

Grogan identified 24 outbound transactions from the address, which had received Bitcoin from the Canadian exchange Cavirtex. Cavirtex was acquired by the virtual asset exchange Kraken in 2016. Grogan added, "If the KYC information linked to the wallet is maintained, Kraken officials, including Jesse Powell, could know Satoshi's identity."

publisher img

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
What did you think of the article you just read?