{"id":824742,"date":"2025-02-06T07:11:54","date_gmt":"2025-02-06T13:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/06\/does-kraken-know-satoshis-identity-coinbase-execs-research-hints-at-possibility\/"},"modified":"2025-02-06T07:11:54","modified_gmt":"2025-02-06T13:11:54","slug":"does-kraken-know-satoshis-identity-coinbase-execs-research-hints-at-possibility","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/06\/does-kraken-know-satoshis-identity-coinbase-execs-research-hints-at-possibility\/","title":{"rendered":"Does Kraken know Satoshi\u2019s identity? Coinbase exec\u2019s research hints at possibility"},"content":{"rendered":"<div data-id=\"162668\" data-url=\"https:\/\/cryptobriefing.com\/satoshi-identity-clue-kraken-coinbase\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Does Kraken know Satoshi\u2019s identity? Coinbase exec\u2019s research hints at possibility<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-02-06T08:24:52+00:00\"><br \/>\n                        Feb. 6, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Blockchain analysis suggests Bitcoin&#8217;s creator may have used a Canadian exchange later acquired by Kraken.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/satoshi.webp\" alt=\"Does Kraken know Satoshi's identity? Coinbase exec's research hints at possibility\" title=\"http:\/\/cryptobriefing.com\/satoshi.webp\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Coinbase exec Conor Grogan found a potential link between early Bitcoin wallets and a Canadian exchange now acquired by Kraken.<\/li>\n<li>Research suggests Satoshi owns 1.096 million BTC and last showed on-chain activity in 2014.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Just a few months after HBO floated <a href=\"https:\/\/cryptobriefing.com\/peter-todd-satoshi-documentary\/\" target=\"_blank\" rel=\"\">Peter Todd\u2019s name as Satoshi<\/a>, Coinbase\u2019s Conor Grogan has dropped new findings suggesting a possible link between Bitcoin\u2019s creator and the leading crypto exchange Kraken.<\/p>\n<p>Grogan\u2019s analysis examines a set of addresses exhibiting the \u201cPatoshi Mining Pattern,\u201d recently cataloged by Arkham Intelligence. He suggests strong, though not definitive, evidence of a link to Satoshi.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I went through Satoshi Nakamoto&#8217;s wallets; thread of new findings that I don&#8217;t think have been previously reported including:<\/p>\n<p>-My best guess is that Satoshi was last active onchain in 2014<br \/>-He may have used a Canadian BTC exchange (!)<br \/>-Kraken may know the identity of Satoshi <a href=\"https:\/\/t.co\/ajD2A73fm8\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">pic.twitter.com\/ajD2A73fm8<\/a><\/p>\n<p>\u2014 Conor (@jconorgrogan) <a href=\"https:\/\/twitter.com\/jconorgrogan\/status\/1887154636190093696?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">February 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script type=\"rocketlazyloadscript\" async data-rocket-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For context, \u201cPatoshi Mining Pattern\u201d refers to a unique and identifiable pattern in the early Bitcoin blockchain data that is believed to be associated with Satoshi. Satoshi was likely one of the primary miners, if not the sole, during this period. The pattern was <a href=\"https:\/\/bitslog.com\/2020\/08\/22\/the-patoshi-mining-machine\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">first discovered<\/a> and analyzed by security researcher Sergio Demian Lerner.<\/p>\n<p>Analyzing the mining pattern addresses, Grogan <a href=\"https:\/\/x.com\/jconorgrogan\/status\/1887154638341734424\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">estimates<\/a> that Satoshi controls approximately 1.096 million BTC, a sum worth over $108 billion. This would place Satoshi\u2019s wealth, on paper, far beyond that of figures like Bill Gates.<\/p>\n<p>Grogan found that these addresses sent out 24 Bitcoin transactions, with the most common destination being an address labeled \u201c1PYYj.\u201d The 1PYYj address also received Bitcoin from CaVirtEx, a Canadian exchange <a href=\"https:\/\/blog.kraken.com\/news\/kraken-acquiring-coinsetter-and-cavirtex-to-expand\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">acquired by Kraken<\/a> in early 2016.<\/p>\n<p>Grogan speculates that Kraken\u2019s co-founder Jesse Powell might have access to information about Satoshi\u2019s identity through CaVirtEx\u2019s know-your-customer (KYC) records.<\/p>\n<blockquote>\n<p>\u201cMy advice to him would be to delete the data,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>Kraken\u2019s X account responded to Grogan\u2019s research with the comment, \u201cWe are all Satoshi,\u201d though Powell has yet to issue a statement.<\/p>\n<p>The 1PYYj address is linked to an address starting with \u201c12ib\u201d, one of Bitcoin\u2019s largest active addresses currently holding $3 billion in BTC, according to Grogan.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<blockquote>\n<p>\u201cThis lends credence to the link that 1PY was associated with Satoshi or a very early adopter\/contributor,\u201d said Grogan.<\/p>\n<\/blockquote>\n<h2>Controversial findings<\/h2>\n<p>Grogan\u2019s analysis was met with skepticism. Many crypto community members pointed out that it\u2019s unlikely Kraken would have any records linked to Satoshi. In the early days of crypto exchanges, KYC regulations were far less stringent than they are today.<\/p>\n<blockquote>\n<p>\u201cIt\u2019s unlikely that Kraken would know who is behind the wallets. Plus, you don\u2019t need KYC to send to a wallet parked on an exchange,\u201d an X user suggested.<\/p>\n<\/blockquote>\n<p>Some noted that Bitcoin transactions could pass through multiple hands. Someone could have received Bitcoin from CaVirtEx and then sent it to the suspected Satoshi-controlled wallets.<\/p>\n<blockquote>\n<p>\u201cWhy would [Satoshi] send BTC from a CEX to his on-chain addresses? Could it not have been a random person?\u201d one user questioned.<\/p>\n<\/blockquote>\n<p>Responding to a request not to publish research on Satoshi\u2019s identity as it may harm the industry, Grogan said he indeed saw it as positive news.<\/p>\n<blockquote>\n<p>\u201cThis research gives me MORE confidence that these coins aren\u2019t moving and Satoshi is no longer active,\u201d he asserted. \u201cNo movement in any connected wallets through 2014 is very bullish!\u201d<\/p>\n<\/blockquote>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Does+Kraken+know+Satoshi%E2%80%99s+identity%3F+Coinbase+exec%E2%80%99s+research+hints+at+possibility&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fsatoshi-identity-clue-kraken-coinbase%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/cryptobriefing.com\/satoshi-identity-clue-kraken-coinbase\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Vivian Nguyen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Does Kraken know Satoshi\u2019s identity? Coinbase exec\u2019s research hints at possibility by Vivian Nguyen Feb. 6, 2025 Blockchain analysis suggests Bitcoin&#8217;s creator may have used a Canadian exchange later acquired by Kraken. Key Takeaways Coinbase exec Conor Grogan found a potential link between early Bitcoin wallets and a Canadian exchange<\/p>\n","protected":false},"author":1,"featured_media":824743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38717,97335],"tags":[],"class_list":{"0":"post-824742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kraken","8":"category-satoshis"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=824742"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/824743"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=824742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=824742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=824742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}