An unknown bitcoin user sent 26.9 BTC, worth $1.17 million, to the network’s Genesis wallet — the first wallet ever created on the Bitcoin network — funds that they’re unlikely to ever get back.

The transaction took place on January 5 at 1.52 ET. The bitcoin was sent from this wallet, which is now empty, to the Genesis wallet. The fee for the transaction was $100, far above average.

The wallet was originally funded in a complex transaction that involved funds moving from three wallets to 12 other wallets. The majority of the funds came from a wallet labeled as belonging to Binance on blockchain analytics platform Arkham Intelligence.

"Either Satoshi woke up, bought 27 bitcoin from Binance, and deposited into their wallet, or someone just burned a million dollars," said Conor Grogan, a …