U.Today – In a costly miscalculation, a holder mistakenly sent 90% of his BTC stash to an address believed to be associated with Satoshi Nakamoto, the enigmatic creator of Bitcoin.
According to Arkham Intelligence, while attempting 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 Bitcoin meme coin with the logo of a puppet monkey in a hat, is a Bitcoin trading token that follows the BRC-20 standard. The token successfully airdropped the BRC-20 token into Bitcoin and is enrolled on the blockchain via Ordinals.
Bitcoin creator Satoshi Nakamoto has remained anonymous since the publication of the Bitcoin white paper in 2008 and the subsequent launch of the Bitcoin network in 2009. Addresses known to be associated with Satoshi contain significant amounts of BTC, that have remained intact 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 from the crypto community has been a mix of sympathy and amazement. On the one hand, it chills at the thought of such a substantial amount of money being sent with no hope of return. At the time of writing, BTC was priced at $67,000, so BTC reserves would have been worth millions of dollars. On the other hand, there is intrigue surrounding the address linked to Nakamoto, which has been dormant for years and rarely receives transactions.
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Regardless, it turns out that the recent incident underscores the importance of double-checking transaction details, especially in the crypto landscape, where a single keystroke can have irreversible consequences.
This article was originally published on U.Today.
