Home | Crypto News | Possible Satoshi Dormant Bitcoin Address Moves 50 BTC to Two Different Wallets

Possible Satoshi Dormant Bitcoin Address Moves 50 BTC to Two Different Wallets

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A cryptocurrency address possibly linked to Satoshi Nakamoto, the creator of Bitcoin (BTC), has moved 50 BTC to other two wallets. The wallet address to which we are making reference is 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh and it has been dormant since February 2009, over ten years ago. 

Who Moved These Bitcoins?

The real identity of Satoshi Nakamoto in the cryptocurrency market has caused interest in the whole community over the last years. There are many theories on who can Satoshi Nakamoto be or what is he doing now. However, nobody was able to prove that as of today. 

According to the Bitcoin blockchain, a transaction of 50 BTC has been processed to two different wallets. One of the wallets received 40 BTC while the other received the remaining 10 BTC (minus fees). 

Just to put this into context, this wallet was holding coins that were mined on block 3654, just one month after Bitcoin was created. As reported by the crypto user Antoine Le Calvez, this is the first time since August 2017 that there is a transaction related to coins from early 2009. 

Of course, this does not mean that Satoshi Nakamoto is alive but this shows that a very early user of Bitcoin is now moving and using the funds it once had. One thing is clear if this person didn’t have access to Bitcoin during the last years, we could be talking that there is a new user that got almost $500,000 worth of BTC. 

It is worth taking into account that there were only three individuals handling Bitcoin at that time, including Hal Finney, Martti Malmi and Satoshi Nakamoto. 

There are some Bitcoin and crypto enthusiasts that shared several tweets showing the funds that were moved were related to a document from the Kleiman vs Wright case. 

However, nothing is confirmed until now and all of the suppositions about who could have moved these BTC are just suppositions. If we want to know who this person is, he would have to show a proof he has really handled these funds. 

In addition to it, some users consider that it could also have been brute-forced. However, this is something more difficult to do and extremely unlikely. This is why we need to wait until more information is available to us. 

John Asher

John Asher

I am a crypto-enthusiast that likes to write about the blockchain industry. Mostly, I'm interested in the gaming industry and how it will revolutionize in-game asset ownership.

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