Roger Ver Eyed As Culprit In Over $8B Bitcoin Transfers From Satoshi Era Wallets

• Crypto whale watchers linked the recent 80,000 BTC transfers of eight Satoshi-era wallets to early Bitcoin investor Roger Ver.

The entire cryptocurrency community was recently rocked by the huge wave of Bitcoin (BTC) transfers by Satoshi Nakamoto-era wallets. As the US met the fourth of July with fireworks, crypto news feeds exploded as eight connected wallets consecutively moved a total of 80,000 BTC worth around $8.72 billion at the time of the transfers.

Despite the initial shock, huge institutional demand cushioned a possible knee-jerk reaction in the price of Bitcoin. Additionally, the whale doesn’t appear to be showing any signs of selling the assets.

One underlying question during this series of events was who could be behind the massive Bitcoin transactions from the crypto wallets that have been dormant for 14 years. Some crypto community members and critics alike immediately arrived at the conclusion that Satoshi may already be cashing out his holdings amid the skyrocketing BTC price in the market. However, the monitoring platform of Arkham Intelligence indicates the Bitcoin inventor’s 1.096 million BTC holdings are still intact.

ADVERTISEMENT## Roger Ver Could Be Behind the Massive Bitcoin Wallet Transfers

With Satoshi himself out of the way, the crypto community has set its sights on the early adopters of Bitcoin. As a result, one name stood out among the most likely suspects: Roger Ver.

Ver was an early investor in Bitcoin and related start-ups. He was also the CEO of Bitcoin.com and has gained a reputation from the crypto community as “Bitcoin Jesus.” Last year, the US Attorney’s Office in the Central District of California charged the entrepreneur with fraud and criminal tax charges.

The grand jury slapped him with an eight-count indictment alleging that he caused a $48 million loss to the Internal Revenue Service (IRS). He is currently fighting extradition to the US after posting bail from his arrest in Spain within the same year.

ADVERTISEMENTWhale watchers and Vivek Sen, writer at Bitcoin Magazine, tied the 14-year-old wallets to Ver. They claimed that he may be looking to sell some of his holdings to cover his mounting legal expenses in the US as his plight for a pardon from President Donald Trump has fallen on deaf ears. Others have thrown in the possibility that he would utilize the cash to settle his case.

On the other hand, the lack of an official confirmation from Ver and conclusive evidence linking the anonymous wallets to him make all these claims merely speculative. There’s a high likelihood that the activities arose from other Satoshi-era Bitcoin miners.

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