"Bitcoin's Mystery Unravels: Coinbase Exec Claims Kraken Knows Satoshi's Identity"
Bitcoin, the world's leading cryptocurrency, has once again captured the spotlight following the election of Donald Trump, who has expressed his support for the crypto industry. This renewed interest has sparked a surge in curiosity about the identity of Satoshi Nakamoto, the mysterious creator of bitcoin whose real-world identity remains unknown despite the cryptocurrency's price topping $100,000.
In a recent development, a Coinbase executive has claimed that Satoshi Nakamoto's identity may be known by the rival crypto exchange Kraken. This revelation comes as fresh data suggests that Nakamoto's bitcoin stockpile is now worth over $100 billion. Conor Grogan, a director at Coinbase, posted on an X thread that he had analyzed Nakamoto's wallets and believed that the creator was last active on the blockchain in 2014. Grogan also speculated that Nakamoto may have used a Canadian BTC exchange and that Kraken might know the identity of Satoshi.
Nakamoto's last known message, in which he claimed to have "moved on to other things," was sent to bitcoin developer Mike Hearn via email in 2011. However, the mystery surrounding his identity persists, and some experts have warned that quantum computing could potentially hack inactive bitcoin wallets, including those believed to be owned by Nakamoto, and return the $100 billion worth of bitcoin to circulation.
Paolo Ardoino, the chief executive of the $141 billion USDT stablecoin issuer Tether, has expressed concern about the potential threat of quantum computing to bitcoin wallets. Ardoino expects that all people alive who have access to their wallets will move their bitcoin into new quantum-resistant addresses before there is any serious threat. Recent advances in quantum computing have led some experts to predict that commercial quantum computers capable of breaking the elliptic curve keys that secure bitcoin wallets could arrive within the next ten years.
Grogan identified a bitcoin address linked to the Canada-based crypto exchange CaVirtEx, which was later bought by the U.S. crypto exchange Kraken in 2016. He speculated that cofounder Jesse Powell or others at Kraken may know the true identity of Satoshi Nakamoto via customer information connected to the wallet. Grogan advised Powell to delete the data, as Nakamoto has successfully kept their real identity hidden since publishing