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Bitcoin Worth IDR 121 Million Accidentally Sent to Satoshi Nakamoto's Wallet

An address was discovered to have accidentally sent 0.10754671 BTC, which is worth about US$7,600 at current prices, to Satoshi Nakamoto's Genesis Wallet.

According to Arkham Intelligence, the address was owned by someone who accidentally sent 90% of his total Bitcoin holdings to Nakamoto's wallet. Unfortunately, the sender will not be able to claim his BTC back.

“Someone accidentally sent 90% of their BTC holdings to Satoshi Nakamoto last night. They tried to sacrifice ordinals for @PupsToken, but accidentally sent almost their entire wallet balance as well,” wrote Arkham Intelligence on Saturday (18/5/2024).

This is not the first time a sender has transferred assets to the wrong wallet. In early January, an anonymous person sent 26.92 BTC via Binance to Nakamoto's Genesis Wallet. This transaction occurred just two days after the 15th anniversary of the Genesis block.

Genesis Wallet is the wallet used by Satoshi Nakamoto to mine Bitcoin on January 3, 2009. This wallet holds most of the earliest BTC mined.

Crypto users are known to have routinely sent small amounts of Bitcoin to Genesis Wallet as a form of respect for Nakamoto, whose identity is still mysterious.