Satoshi Nakamoto Statue Recovered in Lugano

In Lugano, Switzerland, city officials have successfully recovered a statue commemorating Bitcoin's enigmatic creator, Satoshi Nakamoto, after it was reportedly wrested from its pedestal and thrown into a nearby lake. Satoshigallery, responsible for the statue's installation—alongside similar pieces located in El Salvador and Japan—expressed gratitude to the authorities in a post shared on X. Designed by Italian artist Valentina Picozzi, the statue symbolizes Satoshi's anonymity through its transparent design. User Gritto speculated that a group of young individuals dislodged the statue, which was only secured to the podium at two points, suggesting it was easily toppled. To encourage the statue's return, Satoshigallery initially offered a reward of 0.1 BTC (approximately $11,400), and later proposed a 0.1 reward for its recovery, although it remains unclear if this will be paid out. The gallery has yet to respond to inquiries regarding the situation. Additionally, a petition on Change.org seeks to gather support from local officials for the statue's restoration. According to a statement from the petition, "The artist and Satoshigallery will cover the costs of remaking and supplying the statue, provided it is displayed safely." This petition was promoted by Tether's CEO, Paolo Ardoino, on X. **Disclaimer**: The Block operates independently, providing news and insights into the crypto industry. As of November 2023, Foresight Ventures is a majority investor in The Block, which retains editorial independence.