IRS - Inside The Mysterious $1.2M Bitcoin Genesis Wallet Transfer: Who's Trying to 'Flush Satoshi Out?' | 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 ...