Bitcoin holder sends 90% of BTC stash to Satoshi Nakamoto in shocking error

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U.Today – In a costly miscalculation, a holder mistakenly sent 90% of his BTC stash to an address likely associated with Satoshi Nakamoto, Bitcoin’s mysterious creator.

According to Arkham Intelligence, in an attempt 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, the Bitcoin meme coin with the logo of a puppet monkey in a hat, is a Bitcoin trading token compliant with the BRC-20 standard. The token performed a successful BRC-20 token airdrop on Bitcoin and is listed on the blockchain via Ordinals.

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Bitcoin’s 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. There are significant amounts of BTC at addresses known to be associated with Satoshi that have remained untouched for years.

A recent inadvertent transfer made to one of these addresses has reignited debates about the identity of Satoshi Nakamoto and the fate of the Bitcoins stored in these wallets. However, there is no indication that the BTC sent in this incident will be accessed or transferred, maintaining the status quo of inactive addresses.

The reaction from the crypto community was a mixture of sympathy and surprise. On the one hand, you shudder at the thought of sending such a immense amount of money with no hope of getting a refund. At the time of writing, BTC is trading at $67,000, so the BTC stock would be worth millions of dollars. On the other hand, the address associated with Nakamoto is intriguing, as it has been dormant for years and rarely receives transactions.

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In any case, it turns out that the recent incident highlights the importance of double-checking transaction details, especially in the cryptocurrency environment where a single keystroke can have irreversible consequences.

This article was originally published on U.Today

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