Researcher StarPlatinum analyzed the security of assets linked to the first cryptocurrency’s founder. These wallets hold roughly 1.1 million Bitcoin and have not moved in fifteen years.
The analyst broke down technical access points and theft probabilities, noting that known software bugs never compromised Satoshi’s keys.
“At the moment brute-forcing a private key would take longer than the age of the universe,” he stressed.
Technical Vulnerabilities in Early Code
Total holdings in old wallets using the P2PK script range from 4 million to 6 million BTC. Public keys for these addresses are exposed on-chain. If the ECDSA algorithm gets cracked, these funds become the first target for attackers.
The analyst points to quantum computing as the actual risk. Shor’s algorithm can break current encryption but needs a computer with over 2,300 logical qubits. That requires millions of physical qubits—hardware that doesn’t exist yet. Researchers expect this capacity to emerge between 2029 and 2033.
A quantum attack would hit more than just Satoshi. Any wallet reusing P2PK and P2PKH would be exposed, including miners and exchanges.
StarPlatinum argues that a successful theft requires Bitcoin developers to do nothing while quantum hardware makes a massive leap. He remains confident the network will migrate to new cryptographic standards long before a full-scale hack becomes a reality.
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