Coinbase Director releases intriguing data on Satoshi Nakamoto
It's plausible that Kraken now holds data that could be linked to Nakamoto
Coinbase's Director of Product Strategy, Conor Grogan, has unveiled new insights into the elusive identity of Bitcoin's creator, Satoshi Nakamoto.
Grogan's analysis suggests that the cryptocurrency exchange Kraken might possess information that could shed light on Nakamoto's true identity.
Key takeaways
- Early Bitcoin transactions linked to Canadian exchange: Grogan's research indicates that some of Nakamoto's early Bitcoin transactions were directed to CaVirtEx, a Canadian cryptocurrency exchange. Kraken acquired CaVirtEx in 2016, potentially inheriting its user data.
- Potential access to identifying information: If Kraken retained CaVirtEx's records, it might hold Know Your Customer (KYC) information associated with Nakamoto's transactions, offering clues to his identity.
Analysis of early bitcoin activity
According to Grogan's calculations, Satoshi Nakamoto owns a staggering amount of BTC, about $108 billion at current exchange rates.
Top 10 Crypto Billionaires and Investors.
This is more than Bill Gates' $106.4 billion on paper.
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Grogan's investigation delved into early Bitcoin transactions, revealing that some were directed to CaVirtEx. Given Kraken's acquisition of CaVirtEx, it's plausible that Kraken now holds data that could be linked to Nakamoto.
Grogan emphasized that if Kraken maintained CaVirtEx's KYC records, the exchange might possess information about the individual behind these transactions. He advised Kraken's former CEO, Jesse Powell, to consider deleting any such data to preserve Nakamoto's anonymity.
Reevaluation of Satoshi Nakamoto's identity
This discovery has led Grogan to reassess previous theories about Nakamoto's identity. He noted that this evidence diminishes the likelihood of Len Sassaman being Nakamoto, stating, "This is the first set of evidence I've seen in years that has decreased my confidence that Satoshi was Len."
Kraken's response
In response to these revelations, Kraken's official account playfully remarked, "We are all Satoshi," suggesting that the exchange intends to uphold the mystery surrounding Bitcoin's founder.
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Grogan's findings offer a fresh perspective on the ongoing quest to uncover Satoshi Nakamoto's identity. While the true identity remains unknown, the possibility that Kraken holds pertinent information adds a new layer to the narrative. As the cryptocurrency community continues to evolve, the enigma of Bitcoin's creator persists, symbolizing the decentralized ethos that underpins the digital currency.
Read also: U.S. spot Bitcoin ETFs surpass Satoshi Nakamoto holdings.
