Coinbase Director Suggests Kraken Holds Key to Satoshi Nakamoto’s Identity

Coinbase director Conor Grogan suggested that Kraken may have information about Bitcoin's creator, Satoshi Nakamoto. His research indicates that Nakamoto's wallet interacted with CaVirtEx, a Canadian exchange acquired by Kraken in 2016.

Key points from Grogan's findings include:

  • Nakamoto potentially owns 1.096 million BTC, valued at about $108 billion.
  • 24 recorded transfer transactions linked to Nakamoto, with 1PYYj as the most frequent recipient, connected to CaVirtEx.
  • This address funded 12ib, a large active Bitcoin wallet holding $3 billion in BTC.
  • Grogan speculated that Kraken co-founder Jesse Powell may know Nakamoto's identity if KYC data was retained.
  • Nakamoto's last known on-chain activity occurred in 2014, casting doubt on previous identity theories.

In response to Grogan's claims, Kraken stated, “We are all Satoshi,” inciting speculation. Grogan humorously noted that this implies Kraken could possess knowledge about Nakamoto's identity.

The true identity of Bitcoin's creator remains a significant mystery in finance and technology since Nakamoto introduced Bitcoin in 2008.