Study: 8,000 bitcoins mined in 2010 belong to Coinbase
Eight batches of 1,000 bitcoins , which have been in motion for the first time since 2010 , are owned by the Coinbase crypto exchange or its affiliates . This version is followed by the Telegram channel Goldfoundinshit .
The seventh tranche took place on 10 January . The eighth was recorded on January 26 .
The results of the on-chain analysis showed that , as in previous cases , 1000 BTC was accumulated in tranches of 50 BTC at separate addresses from 20 wallets . According to the previous scenario , coins from the wallet with 1000 BTC were moved to the so-called "pockets" of 10 BTC, from which the withdrawal is made later .
The researchers found that from time to time , one or two large transactions were sent from a wallet with 1,000 BTC . They concluded that this could be related to the needs of individual “most valuable” users .
The data obtained from the blockchain analyst was compared with the withdrawal transaction from Coinbase . The funds came from the "pocket" above with 10 BTC .
Visually , the transaction path is shown in the illustration below . Researchers have found a similar picture - the accumulation of bitcoins in a wallet of 1000 BTC and their distribution of 10 BTC in "pockets" .
A transaction accumulating in wallets of 1000 BTC (marked in gray) also looks similar (most of the wallets have equal amounts) .
By comparing two transactions , one of which is a withdrawal from the Coinbase exchange , the researchers concluded that they are united by the same mechanism . The next . me resource clustering algorithms have identified these wallets as belonging to the largest US bitcoin exchange .
Experts have hypothesized that a similar method was used by Coinbase to provide different levels of access to coins .
“One person commits a consolidation transaction and a split-pocket transaction . There are already fewer amounts and less responsibility, and other people are already engaged in “pockets” of 10 BTC , ”they explained .
According to the observations of the researchers, such distributions coincide with the bitcoin corrections.
Experts found it difficult to answer how many coins will go through a similar path and whether Coinbase includes them in its reporting . There is no answer to the question of whether this is some kind of cunning plan , or is it an attempt by the exchange to protect itself from criticism that it uses "gray" coins , the researchers added .
Bitcoins that are crystal clear for regulators , since they have not been used since 2010, are included in the so-called “lost” category. This casts a shadow on the correctness of such assessments , experts are sure .
As a reminder, in May 50 BTC , received as a block reward on February 9 , 2009 , came into motion . One of the miners at the time was the creator of Bitcoin , Satoshi Nakamoto . Many users suggested that he could be the owner of the coins , but an analysis of Patoshi's patterns did not confirm this hypothesis .
Eight batches of 1,000 bitcoins , which have been in motion for the first time since 2010 , are owned by the Coinbase crypto exchange or its affiliates . This version is followed by the Telegram channel Goldfoundinshit .
The seventh tranche took place on 10 January . The eighth was recorded on January 26 .
The results of the on-chain analysis showed that , as in previous cases , 1000 BTC was accumulated in tranches of 50 BTC at separate addresses from 20 wallets . According to the previous scenario , coins from the wallet with 1000 BTC were moved to the so-called "pockets" of 10 BTC, from which the withdrawal is made later .The researchers found that from time to time , one or two large transactions were sent from a wallet with 1,000 BTC . They concluded that this could be related to the needs of individual “most valuable” users .
The data obtained from the blockchain analyst was compared with the withdrawal transaction from Coinbase . The funds came from the "pocket" above with 10 BTC .
Visually , the transaction path is shown in the illustration below . Researchers have found a similar picture - the accumulation of bitcoins in a wallet of 1000 BTC and their distribution of 10 BTC in "pockets" .
A transaction accumulating in wallets of 1000 BTC (marked in gray) also looks similar (most of the wallets have equal amounts) .
By comparing two transactions , one of which is a withdrawal from the Coinbase exchange , the researchers concluded that they are united by the same mechanism . The next . me resource clustering algorithms have identified these wallets as belonging to the largest US bitcoin exchange .Experts have hypothesized that a similar method was used by Coinbase to provide different levels of access to coins .
“One person commits a consolidation transaction and a split-pocket transaction . There are already fewer amounts and less responsibility, and other people are already engaged in “pockets” of 10 BTC , ”they explained .
According to the observations of the researchers, such distributions coincide with the bitcoin corrections.
Experts found it difficult to answer how many coins will go through a similar path and whether Coinbase includes them in its reporting . There is no answer to the question of whether this is some kind of cunning plan , or is it an attempt by the exchange to protect itself from criticism that it uses "gray" coins , the researchers added .Bitcoins that are crystal clear for regulators , since they have not been used since 2010, are included in the so-called “lost” category. This casts a shadow on the correctness of such assessments , experts are sure .
As a reminder, in May 50 BTC , received as a block reward on February 9 , 2009 , came into motion . One of the miners at the time was the creator of Bitcoin , Satoshi Nakamoto . Many users suggested that he could be the owner of the coins , but an analysis of Patoshi's patterns did not confirm this hypothesis .