The post Ripple CTO Debunks Satoshi Hack Theories After $8.6B BTC Transfer appeared first on Coinpedia Fintech News A cryptic series of Bitcoin transactions has sparked new fears that wallets belonging to Bitcoin creator Satoshi Nakamoto may have been compromised. The messages were sent out on July 1 via OP_RETURN, a feature used to store messages on the Bitcoin blockchain . The most alarming part is that these messages, embedded in transactions from legacy wallet addresses, claimed possession of their contents, raising concerns about security flaws in early Bitcoin infrastructure. Interestingly, the transactions involved old-style P2PKH addresses, which were widely used in Bitcoin’s early days. This specific detail set off a wave of speculation, with many wondering if the legendary Satoshi’s wallets, estimated to hold nearly one million BTC, might finally have been cracked. Whale Moves $8.6 Billion—Not a Sell-Off Days later, about 80,000 BTC, roughly $8.6 billion, moved from those dormant wallets into new, modern SegWit addresses. The eight dormant Bitcoin wallets likely belong to a single early miner, though the owner remains unknown. Their 14-year inactivity may be due to long-term holding, previously lost keys now recovered, or simply waiting for the right time to act. On-chain analysts at Arkham and Ledger’s CTO Charles Guillemet found this was likely a wallet security upgrade. The absence of transfers to exchanges suggests it wasn’t triggered by price-selling intentions. Ripple’s CTO Weighs In I think there are two likely explanations: 1) Someone is laundering their own money by claiming they found the keys somehow. 2) Someone has found wallets with weak keys or nonces and is trying to lawfully claim them as abandoned. Hard to say which. — David 'JoelKatz' Schwartz (@JoelKatz) July 11, 2025 However, Ripple CTO David Schwartz weighed in to calm the panic. He suggested it’s more likely a case of someone reclaiming old, abandoned wallets or perhaps using these messages as a front to move funds. There’s no evidence that Bitcoin’s core cryptography has been compromised, and nothing points directly to Satoshi’s wallets being accessed. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple CEO Brad Garlinghouse’s Net Worth Climbs to $10B After SEC Settlement , While neither theory confirms a direct breach of Bitcoin’s cryptography, both raise questions about the security of legacy wallets. And although Schwartz didn’t rule anything out, he made it clear that the idea of Satoshi’s wallets being hacked is still speculative at best. JUST IN: COURT DOCUMENTS FROM 2023 RESURFACE WHERE RIPPLE CTO DAVID SCHWARTZ SAYS 'SATOSHI PROBABLY HELD AN ENORMOUS AMOUNT OF $XRP ' pic.twitter.com/98uC6yD1Qp — blockchaindaily.news (@blckchaindaily) July 5, 2025 For now, Satoshi’s known wallets remain untouched, and no verified hacks have occurred. While the messages have stirred up mystery, the idea of a major breach remains speculative at best. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Cryptic Bitcoin transactions on July 1 via OP_RETURN, a feature for embedding messages, claimed possession of contents from old-style P2PKH addresses. This raised concerns that wallets belonging to early miners, potentially even Satoshi Nakamoto, might have been compromised due to security flaws. Are Satoshi Nakamoto’s known wallets actually compromised or untouched? For now, Satoshi Nakamoto’s known wallets remain untouched and no verified hacks have occurred. While the recent mysterious transactions stirred speculation, the idea of a major breach of Satoshi’s personal holdings remains unconfirmed and speculative. What are OP_RETURN messages on the Bitcoin blockchain? OP_RETURN is a Bitcoin script opcode that allows users to store small amounts of arbitrary data (like messages or hashes) on the blockchain as part of a transaction output. These outputs are provably unspendable and are often used for timestamping or embedding data from other layers.