Satoshi Nakamoto Statue Found Badly Damaged in Lake Lugano, What Happened?

Jakarta, Pintu News – A statue of Satoshi Nakamoto, the mysterious creator of Bitcoin , has been found destroyed in Lake Lugano, Switzerland.

The incident was confirmed by Lugano municipality workers as an act of vandalism, not theft. The statue, which is an important symbol for the global crypto community, was originally installed in Parco Ciani, a popular park by the city of Lugano’s lake.

Check out the full news in this article!

Statue Discovery

The statue of Satoshi Nakamoto was found on Saturday in pieces after being reported missing. Workers from the Lugano Municipality who found the statue at the bottom of the lake, confirmed that this was an act of vandalism.

The statue, created by Italian artist and Bitcoin supporter Valentina Picozzi, was unveiled in October 2024 and took 21 months to plan and build. The statue previously stood majestically in Parco Ciani before it was found to be in disrepair.

Only the foot of the statue was still attached to the base, suggesting that it had been deliberately uprooted and thrown into the lake. This caused great disappointment among crypto supporters and enthusiasts.

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Crypto Community Reaction

The crypto community expressed their anger and disbelief towards this vandalism event via social media platform X. Gabor Gurbacs, founder of blockchain rewards platform Pointsville, called the act heartless and stupid.

Speculation arose from Gritto, a Bitcoin advocate, who suspected that the damage may have been caused by drunken partygoers in celebration of Swiss National Day.

Tether CEO, Paolo Ardoino, responded to the rediscovery of the statue with a heart emoji, showing moral support to the community. Satoshigallery, the art collective that installed the statue, stated that although their symbol was stolen, their spirit remains unshaken.

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Next Steps and Expectations

Satoshigallery has announced that it has yet to make a public comment on the incident. However, they have previously stated their intention to install 21 similar statues around the world as a symbol of struggle and innovation in blockchain technology.

In response, they are offering a reward of 0.1 BTC (over $11,000) for information that can aid in the restoration of the statue. Steps are being taken to investigate further and find the perpetrators behind this vandalism.

The global community hopes that this incident will not dampen the spirit of innovation and collaboration in the crypto ecosystem. Local authorities and the international community remain vigilant and committed to protecting these important symbols that represent technological advancement.

Conclusion

While this incident is a blow to the crypto community, the spirit to continue innovating and advancing blockchain technology will not fade. The statue of Satoshi Nakamoto may have been damaged, but the determination and spirit it represents remains strong and unwavering.

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Reference

• Crypto Times. Satoshi Nakamoto Statue Found Vandalized in Lake Lugano. Accessed on August 5, 2025
• Featured Image: Coinmarketcap