- The statue of Satoshi Nakamoto in Lugano, Switzerland, was stolen and later found destroyed
- The artwork was discovered in pieces in a nearby lake after Swiss National Day celebrations
- The act is believed to be impulsive vandalism, not a targeted theft.
The iconic statue of Bitcoin’s creator, Satoshi Nakamoto, has been recovered after being reported stolen from a popular park in Lugano, Switzerland.
Municipal workers discovered the artwork broken into several pieces in and around Lake Lugano, confirming it had been forcibly removed from its base and vandalized.
Impulsive Act of Vandalism
The incident took place over the weekend, shortly after the Swiss National Day celebrations on Friday, August 1, a time when the lakeside park was filled with activity.
The statue had been torn from its pedestal, leaving only its feet attached to the otherwise intact base.
Observers believe the incident was likely an impulsive act of vandalism rather than a targeted theft, given the extensive damage and the presence of nearby surveillance cameras. Many in the community have speculated that intoxicated partygoers may have been responsible.
Symbol of Lugano’s Crypto Hub Ambitions
The statue, designed by Italian artist and Bitcoin advocate Valentina Picozzi, had been unveiled in October 2024 as part of Lugano’s broader effort to establish itself as a Bitcoin hub.
Its unique design featured disappearing stripes symbolizing Satoshi Nakamoto fading into code, a visual metaphor for the pseudonymous creator’s legacy.
The piece had quickly become a flagship symbol for the crypto movement, celebrated by Bitcoin supporters worldwide.
Community Outrage and a 0.1 BTC Reward
News of the disappearance first circulated on social media, where photos showed the empty base and a metal plaque still bearing Satoshi’s name.
Related: Bitcoin’s Price Surge Pushes Satoshi Nakamoto’s Wealth Past $103 Billion
As speculation mounted, Satoshigallery, the collective behind the installation, offered a 0.1 BTC reward for any information leading to the statue’s recovery. The group has since confirmed that the statue was retrieved, but in damaged condition.
The event sparked widespread outrage within the crypto community, with many expressing frustration over what they saw as a senseless attack on a cultural symbol.
Related: Another Statue in Fornelli Makes it Three in One Month For Satoshi Nakamoto
While the exact motive remains unknown, several community members have linked the act to intoxicated partygoers passing through the area after the national celebrations.
Irrespective of the damage, Satoshigallery is continuing its plan to install 21 similar Satoshi statues in cities around the world.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
