Do Kraken knows Satoshi’s identity? Study of Coinbase EXEC suggests the possibility.

By Crypto Gloom On Feb 6, 2025

Main takeout

Coinbase EXEC Conor Grogan has found potential connection between the initial Bitcoin wallet and the Canadian exchange acquired by Kraken.
Research shows that Satoshi owns 1.096 million BTC and showed the last hot chain in 2014.

A few months after HBO left the name of Peter todd to Satoshi, Coinbase’s conor grogan dropped a new study that suggested possible relationship between Bitcoin’s creator and major crypto Exchange Krake.

Grogan’s analysis investigates a series of addresses in which Arkham Intelligence shows a catalog “Patoshi Mining Pattern”. He is not decisive, but suggests strong evidence of the connection with Satoshi.

I went through the wallet of Na Kamoto. The thread of new discovery that has not been reported before has been reported before, including:

My best guess is that Satoshi was the last active onchain in 2014.
-If he may have used Canadian BTC exchange (!).
-Kraken will know Satoshi’s identity. pic.twitter.com/ajd2a73fm8

-CONOR (@JConorgrogan) February 5, 2025

In the context, “Patoshi Mining Pattern” represents a unique and identified pattern in the initial Bitcoin block chain data related to Satoshi. Satoshi will be one of the primary miners unless it is a sole during this period. This pattern was first discovered and analyzed by the Security Research Institute Sergio Demian Lerner.

Grogan, which analyzes the mining pattern address, presumes that Satoshi controls about 19.6 million BTC, which is over $ 180 million. This will put the wealth of Satoshi, which is far beyond Bill Gates, on paper.

Grogan has sent 24 Bitcoin transactions with these addresses, and the most common destination is the address of “1pyyj”. The 1pyyj address received a bitcoin from Cavirtex, a Canadian exchange acquired by Krake in early 2016.

Grogan speculates that Krake’s co-founder, Jesse Powell, can access information about Satoshi’s identity with Cavirtex’s Know-Your-Customer (KYC) record.

“My advice is to delete the data.”

Krake’s X account responded to Grogan’s research that “we are all Satoshi,” but Powell has not yet announced a statement.

According to Grogan, the 1pyyj address is connected to the address that starts with “12ib”, one of Bitcoin’s largest active address, which currently has $ 3 billion in BTC.

Grogan said, “This is trusted to the link that 1py is related to Satoshi or very early adapter/contributor.

Discovery that there is room for controversy

Grogan’s analysis was met in skepticism. Many encryption community members pointed out that Kraken is unlikely to have a record related to Satoshi. In the early stages of encryption, KYC regulations were much less stringent than today.

“I don’t know Kraken is behind my wallet. Also, it is not necessary for KYC to send it to a wallet parked for exchange. ”X users suggested.

Some mentioned that bitcoin transactions can pass through several hands. Someone received a bitcoin from Cavirtex and sent it to the suspected Satoshi control wallet.

“Why do you send BTC to his chain address from CEX? Wasn’t it a random person? ” One user asked.

Grogan responded to the request that he would not publish a study of Satoshi’s identity, and Grogan actually saw positive news.

“This study is confident that this coin is not moving and Satoshi is no longer active,” he said. “The movement of the wallet connected by 2014 is very optimistic!”