Second of Only Four Bitcoin 'Epic Sats' Found on Binance Exchange
In this case, the Binance user withdrew a transaction containing the Epic Sat from the 420,000th Bitcoin block in 2016. Binance failed to identify and retain the UTXO that contained the valuable satoshi for itself, representing a potential multi-million dollar oversight
The "epic sat" was included in a withdrawal of ~46 BTC, deliberately initiated by a well-capitalized "rare sat hunter."
The term "Epic Sat" refers to the first satoshi of each Bitcoin halving era, which occurs about every four years. Recently, the first Epic Sat from the 2024 halving sold for over $2 million at auction, sparking intrigue around these rare units.
In this case, the Binance user withdrew a transaction containing the Epic Sat from the 420,000th Bitcoin block in 2016. Binance failed to identify and retain the UTXO that contained the valuable satoshi for itself, representing a potential multi-million dollar oversight.
While initially believed to be a single exchange user, analysis by Mononaut on X reveals the acquirer was likely a sophisticated operation that was exploring Binance's inventory for UTXOs that may link to rare sats on Ordinals.
Blockchain analysis shows this UTXO, categorized by Ordinals as containing sat number "1575000000000000," moved to the user's wallet after they bought and transferred bitcoin.
Its rarity compares to winning the lottery, as only four such "Epic Sats" exist until now. (In total, 34 will be released over subsequent halvings).
The wallet address that now contains the UTXO that points to the coveted satoshi is bc1ptjcsnnycr52ccwg4mvvsczkwzvc0qydlxw6q7pcelxkx8equk3asduuz86.
