06.02.2025 18:10
Coinbase director Conor Grogan has identified wallets that he claims belong to Bitcoin's (BTC) mysterious creator, Satoshi Nakamoto. The "Patoshi Pattern" Bitcoin addresses cataloged by the blockchain analytics platform Arkham indicate that Satoshi was active until 2014. This discovery sheds light on one of the biggest mysteries in the cryptocurrency world.
The identity of Bitcoin's creator, Satoshi Nakamoto, has remained one of the biggest topics of discussion in the cryptocurrency community for over a decade. Grogan's recent analysis reveals not only his 1.1 million BTC holdings, valued at $109 billion today, but also Satoshi's connection to the Canada-based CaVirtEx exchange.
The Biggest Mystery of the Cryptocurrency World May Be Solved
Satoshi Nakamoto's last known message was sent to developer Mike Hearn in April 2011, stating, "I’m working on other things. Gavin and others are in good shape." The timing of this message coincided with new lead developer Gavin Andresen's visit to the CIA, leading to speculation about a possible connection within the cryptocurrency community.
Grogan, who conducted a detailed examination of Bitcoin addresses through the blockchain analytics platform Arkham, identified 24 different outgoing transactions as a result of his work on the "Patoshi Pattern." The most notable of these transactions was made to an address starting with "1PYYj," which had also acquired Bitcoin from the Canada-based CaVirtEx exchange.
One of the most striking findings of the research was that the "1PYYj" address was linked to an address starting with "12ib7," which currently holds Bitcoin valued at $3 billion. This connection strengthens theories that these wallets may be associated with Satoshi or early Bitcoin developers.
The acquisition of CaVirtEx by the cryptocurrency exchange Kraken in 2016 added a new dimension to the topic. Grogan suggested that this situation could mean that Kraken's co-founder Jesse Powell or other officials at the company might know Nakamoto's true identity if the KYC (Know Your Customer) information related to the wallet was preserved.
Kraken's official X account responded to these claims with only "We are all Satoshi." Neither Kraken nor Powell has made a definitive statement claiming they know Satoshi's identity.
This research also undermines widespread theories that the renowned cryptographer and privacy advocate Len Sassaman, who passed away in 2011, could be Satoshi. According to Grogan, these findings provide significant evidence to determine whether the Patoshi mining pattern is definitively linked to Satoshi, and it is quite remarkable that these coins have not moved since 2014.