Bitcoin Creator Satoshi May Have Used This Canadian Exchange – Details Inside

• The latest research on Satoshi Nakamoto’s on-chain activities shows that his last transaction could be in 2014 when he probably used a Canadian crypto exchange called Cavirtex. 
• According to Coinbase Director, the current evidence suggests that the former CEO of Kraken may not be the mysterious Bitcoin creator. 

The head of product business operations at Coinbase, Conor Grogram, has made a fresh disclosure on Satoshi Nakamoto’s last on-chain activities. According to the information shared on X, Satoshi might have last used on-chain in 2014.

Per the report, he might have used Cavirtex, a Canadian crypto exchange that was initially acquired by New York-based Coinsetter in 2015 and subsequently purchased by Kraken in 2016. This implies that Kraken may have information about the true identity of the Bitcoin creator provided that they still have any Know-Your-Customer (KYC) verification information linked to his wallet.

In the post, Grogram highlighted that a Patoshi Mining Pattern set of addresses recently catalogued by Arkham has a high possibility of being linked to Satoshi. In total, Satoshi probably owns 1.096M BTC ($108B).

Source: Conor Grogram

More About the Satoshi’s Transfers

Delving into the thesis, the analyst observed that there have been 24 undocumented transfers from these addresses to a popular destination ending 1PYYj. Specifically, the transfers were made from Cavirtex. Meanwhile, the purported address is also linked with funding 12ib. According to data, this is one of the oldest active Bitcoin addresses of all time with $3 billion worth of the asset.

Source: Conor Grogram

On separate transactions, the Satoshi-linked crypto address sent 200 BTCs to a Bitcoin faucet in two transactions. According to him, users could get 5 BTC for simply filling out captures at that time.

Also, Grogram believes that this evidence defeats his previous assertion that Kraken’s ex-CEO, Len Sassaman, was Satoshi. In our previous update, we disclosed that Sassaman was the frontrunner to be revealed as the pseudonymous Satoshi in an HBO documentary.

At the very least, this will allow us to get evidence once and for all to determine if the Patoshi mining pattern is definitely linked to only Satoshi. This is the first set of evidence I’ve seen in years  that has decreased my confidence that Satoshi was Len.

Uncovering the Identity of Satoshi Nakamoto

Apart from uncovering all the details relating to his on-chain activities, researchers have sought to find the true identity of the Bitcoin creator. Over the years, Len Sassaman was said to be Satoshi Nakamoto. This suspicion emerged after it was found that Sassaman’s death was reported soon after Satoshi stopped posting on BTCTal.

Computer scientist Nick Szabo was also linked to Satoshi after his 2008 claim of creating a live version of Bit Gold started surfacing. In 2014, he came out to clarify that he is not the Bitcoin creator. Another individual called Hal Finney is reported to have received the first Bitcoin transaction from Satoshi. Prior to the creation of Bitcoin, he had contributed to a project related to cryptography. According to reports, he died in 2014.

In October last year, British businessman Stephen Mollah stepped forward to claim that he is Satoshi Nakamoto. However, as summarized in our earlier news story, his attempt to produce evidence to that effect during a live press conference was marred by technical hitches.

Fascinatingly, computer scientist Craig White publicly declared that he is Satoshi Nakamoto. He also went the extra mile to sue people who denied his claim of being Satoshi.

In 2022, former Twitter boss Jack Dorsey announced that he had launched a fund to support all Bitcoin developers facing such legal disputes. As noted in our earlier post, the support included paying legal bills, developing litigation strategies, and finding and retaining defense counsel.