"Unraveling Satoshi: On-Chain Analysis Links Nakamoto to Canadian Exchange"

Satoshi Nakamoto, the enigmatic creator of Bitcoin, has been the subject of intense speculation and investigation since the cryptocurrency's inception. A recent on-chain analysis has shed new light on the mystery surrounding Nakamoto's identity and activities, revealing a series of transactions that could potentially lead to the unraveling of Bitcoin's origins.

The analysis, conducted by an on-chain detective, uncovered 24 Bitcoin transactions from wallets believed to be linked to Satoshi Nakamoto. These transactions, which occurred between 2009 and 2014, included transfers to a Canadian crypto exchange called Cavirtex. This discovery marks the first recorded on-chain transaction between a Satoshi-linked wallet and a centralized exchange (CEX), providing a potential lead in uncovering Bitcoin's origins.

One of the key addresses involved in these transactions is 1PYYj, which appears to have received Bitcoin multiple times from these early wallets. Notably, 1PYYj is linked to 12ib, one of the largest Bitcoin-holding addresses in existence today, containing around $3 billion worth of BTC. This suggests that 1PYYj may have belonged to Satoshi or an early Bitcoin contributor who played a major role in the network's development.

Adding to the intrigue, these Satoshi-linked wallets also sent 200 BTC to a Bitcoin faucet, a system that once allowed users to receive 5 BTC for free just by solving a CAPTCHA. This was a common method to distribute Bitcoin in its early days when it had little to no market value. Additionally, another 500 BTC transaction to 1PYYj in 2010 raises speculation that it was a payment to another person or entity, potentially providing more insights into how Bitcoin was distributed in its early days.

Cavirtex, which was purchased by Kraken in 2016, might have retained KYC data on users who transacted through it. If records from that time still exist, Kraken's CEO Jesse Powell could theoretically have access to information that might reveal Satoshi's identity. However, it is unclear whether any such data was preserved or if the exchange had enforced identity verification during those early years.

This new evidence challenges previous theories about Satoshi's identity, particularly weakening the claim that cryptographer Len Sassaman