Sunday, August 3, 2025

Lugano’s Satoshi Statue Recovered Following Theft and Vandalism

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The long-lasting “disappearing” statue of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto, reported stolen on Saturday, has been recovered, in keeping with Satoshigallery, the artwork collective answerable for putting in the statue. 

Municipal employees from the city of Lugano, Switzerland, recovered the statue, which was thrown into Lake Lugano after it was removed from its base in Parco Ciani, a lakefront park within the Swiss metropolis, by unknown individuals. 

Satoshi Nakamoto, Switzerland, Crimes, Bitcoin Adoption
Metropolis of Lugano municipal employees get well the enduring Satoshi Nakamoto statue. Supply: Satoshigallery

The municipal employees found the statue in a number of items, indicating vandalism, moderately than theft for financial achieve. The statue was solely welded to the bottom at two factors on the statue’s toes, which remained mounted to the bottom.

Satoshigallery supplied a 0.1 BTC reward, valued at over $11,000, for the restoration of the statue, and Cointelegraph reached out to the artwork collective for remark however was unable to acquire a response by the point of publication.

Satoshi Nakamoto, Switzerland, Crimes, Bitcoin Adoption
The statue was found in items in and on the riverbank of Lake Lugano. Supply: Gritto

The long-lasting murals by the Italian artist and Bitcoin advocate Valentina Picozzi was unveiled in October 2024 and has grow to be a flagship image of the Bitcoin neighborhood. The statue took 21 months to completely plan and assemble, in keeping with the artist.

Associated: Bitcoin creator Satoshi Nakamoto is the world’s 11th richest person

Bitcoin neighborhood reacts to vandalism in opposition to iconic image

The Bitcoin neighborhood voiced reactions of disgust and defiance on the theft and vandalism of the statue, which has since grow to be an emblem of the Bitcoin motion and the digital currency’s mysterious creator.

“Such a tasteless and silly factor to do. Hope they discover who did it,” Gabor Gurbacs, founder and CEO of blockchain loyalty rewards and tokenization platform Pointsville, wrote in a X publish.

Satoshi Nakamoto, Switzerland, Crimes, Bitcoin Adoption
A portion of the statue thrown into the waters of the lake. Supply: Gritto

Others like pseudonymous Bitcoin advocate Gritto theorized that “drunk” partygoers celebrating Swiss Nationwide Day, the vacation that commemorates the founding constitution of the European nation, have been answerable for the vandalism.

Tether CEO Paolo Ardoino reacted to the restoration of the enduring statue with a easy coronary heart emoji on social media.

“You possibly can steal our image, however you’ll by no means be capable to steal our souls,” Satoshigallery said, whereas reiterating the artwork collective’s dedication to inserting comparable statues in 21 areas across the globe.

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