Categories: Business

Bitcoin creator disappeared 13 years ago: Million-dollar transfer just happened to his account


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In December 2010, Satoshi Nakamoto decided to disappear. The anonymous creator of Bitcoin stopped managing his wallet. Since then nothing has been heard from him and his nickname has become something of a legend in the cryptocurrency sector. But 2024 has begun with change. After 13 years, Satoshi Nakamoto’s wallet has been reactivated.

by Xataka

Genesis has got money again. It is the name of the first wallet created on the Bitcoin network. Nakamoto’s account, whose identity remains a mystery to this day.

At 07.52am CET on 5 January, Satoshi’s account woke up with a transfer of around 27 BTC. Specifically 26,917 BTC, which is equivalent to about 1.17 million dollars. After more than a decade without operating, the original Bitcoin account again saw significant movement.

Either it was Satoshi or someone wanting attention. Conor Grogan, head of Coinbase, sums it up: “Either Satoshi woke up, bought 27 bitcoins from Binance and deposited them into his wallet, or someone just burned a million dollars.” There are a few possible explanations for this large-scale movement. Either it’s Satoshi himself who wants to deposit more money into his account or it’s someone who wants to attract attention and has given more than a million dollars to the original creator of the cryptocurrency.

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