The post Ripple CTO Debunks Satoshi Hack Theories After $8.6B BTC Transfer appeared first on Coinpedia Fintech News
A cryptic series of Bitcoin transactions has sparked new fears that wallets belonging to Bitcoin creator Satoshi Nakamoto may have been compromised. The messages were sent out on July 1 via OP_RETURN, a feature used to store messages on the Bitcoin blockchain.
The most alarming part is that these messages, embedded in transactions from legacy wallet addresses, claimed possession of their contents, raising concerns about security flaws in early Bitcoin infrastructure.
Interestingly, the transactions involved old-style P2PKH addresses, which were widely used in Bitcoin’s early days. This specific detail set off a wave of speculation, with many wondering if the legendary Satoshi’s wallets, estimated to hold nearly one million BTC, might finally have been cracked.
Whale Moves $8.6 Billion—Not a Sell-Off
Days later, about 80,000 BTC, roughly $8.6 billion
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