Satoshi Now in Dilemma to Reveal Identity or Break Law: Legal Expert By Coin Edition

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Satoshi Now in Dilemma to Reveal Identity or Break Law: Legal Expert

Published Jan 08, 2024 18:09 Updated Jan 08, 2024 18:15

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Satoshi Now in Dilemma to Reveal Identity or Break Law: Legal Expert

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The crypto community is abuzz as over $1.1 million in Bitcoin moves to Satoshi’s wallet.

A legal expert speculated the transaction was an attempt to lure Satoshi into revealing their identity.

This theory is grounded in a new rule mandating reporting crypto receipts exceeding $10,000.

The crypto community has been abuzz amid mysterious movements of Bitcoin (BTC) valued in multi-million dollars from centralized crypto exchanges within the last 24 hours to external addresses.

The trend gained traction when participants in the crypto market observed a notable withdrawal of 27 BTC, equivalent to over $1.1 million, from the Binance exchange. Interestingly, the funds were moved to a wallet associated with Satoshi Nakamoto.

Transaction details | On-chain data

Notably, the funds moved to the wallet of the pseudonymous founders of Bitcoin come amid the crypto community marking the 15th anniversary of Satoshi Nakamoto mining the genesis block of Bitcoin.

This new development elicited varying suggestions from the community, including speculations that the pseudonymous individual or group is back. An X user expressed that if even a single Bitcoin is withdrawn …

The post Satoshi Now in Dilemma to Reveal Identity or Break Law: Legal Expert appeared first on Coin Edition.

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Satoshi Now in Dilemma to Reveal Identity or Break Law: Legal Expert

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