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Inside The Mysterious $1.2M Bitcoin, Genesis Wallet Transfer: Who’s Trying to ‘Flush Satoshi Out?’

Published by
Benzinga

About $1.2 million worth of Bitcoin (CRYPTO: BTC) was recently transferred to the original Genesis wallet of crypto alias Satoshi Nakamoto.What Happened: As Jeremy Hogan, a partner at Hogan & Hogan, put it: “Someone just sent Satoshi’s genesis wallet $1.2 mil. in BTC. Why?? The only thing that makes any sense is that the sender is trying to flush Satoshi out.” Indeed, 26.917 BTC (worth $1.19M) was sent to the wallet on Jan. 5. Containing the first 50 BTC mined in 2009, the Genesis wallet at address “1A1zP” is owned by Nakamoto — the pseudonymous name used by the creator of Bitcoin. Its content…

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