Did Kraken Just Unmask Satoshi? You Won’t Believe This! 😲

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In a curious turn of events, reminiscent of a Chekhovian plot twist, whispers have emerged regarding the elusive architect of Bitcoin. It appears that a Canadian exchange, which has since been absorbed by Kraken, might just hold the keys to the enigma that is Satoshi Nakamoto. Who knew that a simple exchange could be the stage for such grand mysteries? 🤔

Following the meticulous forensic sleuthing by Arkham Intelligence, Conor Grogan, the Director at Coinbase, has taken a deep dive into the murky waters of Bitcoin’s origins. He suggests that our dear Satoshi may have dabbled with Canada’s Cavirtex, a quaint little exchange acquired by Kraken in 2016, for at least one of his early transactions. Ah, the irony of a digital ghost haunting a Canadian exchange! 🍁👻

Does Jesse Powell Hold the Secret to Bitcoin’s Birth? 🤷‍♂️

On a rather ordinary Tuesday, Arkham Intelligence revealed that they had unearthed an additional 22,000 addresses linked to Satoshi’s supposed mining escapades, bringing the grand total to a staggering 1,096,354 BTC—worth a jaw-dropping $108 billion. These addresses were identified using the infamous “Patoshi Pattern,” a technique that sounds more like a dance move than a blockchain analysis method. 💃

In a tweet that could rival the best of Shakespeare, Arkham proclaimed: “We’ve added an additional 22,000 Satoshi addresses with a total BTC balance of 1,096,354 to the Satoshi Nakamoto entity on Arkham. These are derived from a known mining pattern referred to as the Patoshi Pattern, and include the only (known) addresses from which Satoshi spent BTC from.” Truly, a modern-day soliloquy! 🎭

Conor Grogan, who has been at the helm of Coinbase since 2020, took it upon himself to sift through Arkham’s treasure trove of data. On February 5, he shared a series of findings on X, illuminating several activities that might just shed light on the shadowy figure of Bitcoin’s creator. “I went through Satoshi Nakamoto’s wallets; thread of new findings … My best guess is that Satoshi was last active onchain in 2014 … He may have used a Canadian BTC exchange (!) … Kraken may know the identity of Satoshi,” Grogan mused, perhaps while sipping a cup of tea. ☕️

Among Grogan’s most astonishing revelations is the address “1PYYj,” which he connects to Satoshi through the Patoshi Pattern cluster. This address received BTC from Cavirtex, the Canadian exchange that Kraken later acquired. Grogan quipped, “This address is also associated with funding 12ib, one of the largest active BTC addresses of all time, which holds 3B of BTC today.” A veritable goldmine of information! 💰

He further speculated that if Cavirtex had any KYC data on 1PYYj or related addresses before Kraken’s acquisition, then “there is a chance that Jesse Powell has information on the true identity behind Satoshi.” Grogan, with a twinkle in his eye, added, “My advice to him would be to delete the data.” Because, of course, who wouldn’t want to erase the evidence of their digital mischief? 😏

Grogan’s analysis also points to 24 outbound transactions from the addresses tied to the Patoshi Pattern. Notably, 200 BTC were sent to an early Bitcoin faucet across two transactions, a nostalgic reminder of simpler times when claiming 5 BTC was as easy as filling out a CAPTCHA. Ah, the good old days! 🕰️

Additionally, he noted a 500 BTC transfer in 2010 to 1PYYj that could represent “a new documented case of a Satoshi payment,” if the sender was indeed Nakamoto and the recipient a third party. The plot thickens! 📜

While Grogan’s thread highlights growing evidence of Satoshi’s dalliance with a Canadian exchange, he remains cautious about drawing definitive conclusions. “We can’t definitively link these [addresses] to Satoshi but there is good evidence,” he stated, adding that these findings slightly weaken earlier theories pointing to cryptographer Len Sassaman. “This is the first set of evidence I’ve seen in years that has decreased my confidence that Satoshi was Len [Sassaman],” Grogan

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2025-02-06 16:13