Recent Mistaken Bitcoin Transfer to Satoshi Nakamoto Wallet
A recent case of a mistaken Bitcoin transfer has captured the attention of the cryptocurrency community. A total of 26,917 BTC, valued at around $1.8 million, was accidentally sent to the Genesis wallet, also known as the wallet of Satoshi Nakamoto — the presumed creator of Bitcoin.
The Satoshi Nakamoto wallet was initially created with a hardcoded block reward of 50 BTC. Over time, various small transactions, or «dust», accumulated on the address, leading to a balance of 99,676 BTC after the mistaken transfer. The balance is now approaching 100,000 BTC due to additional funds received.
On May 17th, another error occurred when an individual mistakenly sent 0.10754671 BTC (approximately $7,211) to the same wallet. This incident was detected by the online platform Arkham Intelligence, which monitors transactions and data in the cryptocurrency network.
The sender intended to make a donation in the Pups Token cryptocurrency but ended up sending most of their wallet balance. As Bitcoin transactions are irreversible and addresses are anonymous, it is impossible to recover mistakenly transferred funds.
Despite the significant increase in the wallet balance, the added funds remain untouched. The Satoshi Nakamoto wallet continues to stand as a symbol of the foundations and accomplishments of blockchain technology, which underpins the entire cryptocurrency revolution.
