TechFlow reports, citing The Block, that Coinbase director Conor Grogan analyzed blockchain data and suggested Bitcoin founder Satoshi Nakamoto may have remained active on-chain as late as 2014. Grogan identified 24 outgoing transactions from addresses linked to the "Patoshi pattern," with the most common destination address having interacted with Canadian exchange CaVirtEx, which was acquired by Kraken in 2016.
The study also shows that approximately 1.1 million bitcoins (worth $109 billion) believed to be held by Satoshi Nakamoto have never been moved and have shown no activity since 2014.
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