Bitcoin User Accidentally Sends $7,000 in BTC to Satoshi Nakamoto's Inactive Address

Sunday, 19 May 2024, 16:13

A Bitcoin user mistakenly transferred $7,000 worth of BTC to Satoshi Nakamoto's inactive address, sparking speculation in the crypto community. Despite the error, the BTC remains untouched since its creation in 2009, leaving the user without the possibility of recovery. This incident emphasizes the need for caution and verification when handling cryptocurrency transactions, highlighting the irreversible consequences of a single mistake in the crypto space.
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Bitcoin User Accidentally Sends $7,000 in BTC to Satoshi Nakamoto's Inactive Address

Bitcoin User's Costly Mistake

A Bitcoin user made a grave error, inadvertently sending $7,000 in BTC to the inactive address associated with Satoshi Nakamoto.

Community Speculations

The transfer reignited discussions on Satoshi Nakamoto's identity and the fate of the BTC at the address, leading to various theories within the crypto community.

Arkham Intelligence Findings

Data from Arkham Intelligence showed that the address now holds 100.424 BTC, valued at $6.72 million, remaining inactive since Bitcoin's inception in 2009.

Lesson Learned

This incident serves as a cautionary tale, underscoring the importance of thorough verification in crypto transactions to prevent irreversible financial losses.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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