Bitcoin
Bitcoin Holder Sends 90% of BTC Stock to Satoshi Nakamoto in Shocking Error
Tomiwabold Olajide
An unknown BTC user made a costly mistake by accidentally sending his entire wallet balance to Satoshi
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In a costly miscalculation, a Bitcoin the holder mistakenly sent 90% of his BTC supply to an address believed to be associated with Satoshi Nakamotothe enigmatic creator of Bitcoin.
According to Arkham IntelligenceWhile trying to sacrifice an ordinal for the PUPS token, an unknown user made a costly mistake by accidentally sending almost his entire wallet balance – over $7,000 in BTC – to one of Satoshi Nakamoto’s addresses.
PUPS, a meme coin on Bitcoin with the logo of a puppet monkey wearing a hat, is a Bitcoin trading token that follows the BRC-20 standard. The token conducted a successful BRC-20 token airdrop on Bitcoin and is inscribed on the blockchain via ordinals.
Bitcoin’s creator, Satoshi Nakamoto, has remained anonymous since the publication of the Bitcoin whitepaper in 2008 and the subsequent launch of the Bitcoin network in 2009. Addresses known to be associated with Satoshi hold significant amounts of BTC, which have remained untouched for years.
The recent transfer inadvertently made to one of these addresses has reignited discussions about the identity of Satoshi Nakamoto and the fate of the Bitcoin stored in these wallets. However, there is no indication that the BTC sent in this incident will be accessed or moved, maintaining the status quo of inactive addresses.
The reaction of crypto community It’s been a mix of sympathy and amazement. On the one hand, there is a shudder at the idea of such a substantial amount of money being sent with no hope of return. At the time of writing, BTC is priced at $67,000, so BTC stock would be worth millions of dollars. On the other hand, there is intrigue surrounding the address linked to Nakamoto, which has been inactive for years and rarely receives transactions.
Either way, it turns out that the recent incident underlines the importance of double-checking transaction details, especially in the cryptographic scenario where a single keystroke can have irreversible consequences.
About the author
Tomiwabold Olajide
Tomiwabold is an experienced cryptocurrency analyst and technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging estimated market trend forecasts. Tomiwabold graduated from the University of Lagos.