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Lugano’s Satoshi Statue Recovered Following Theft and Vandalism

August 3, 2025Updated:August 3, 2025No Comments3 Mins Read
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Lugano’s Satoshi Statue Recovered Following Theft and Vandalism
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The enduring “disappearing” statue of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto, reported stolen on Saturday, has been recovered, in accordance with Satoshigallery, the artwork collective accountable for putting in the statue. 

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

Lugano’s Satoshi Statue Recovered Following Theft and Vandalism
Metropolis of Lugano municipal employees get better the long-lasting Satoshi Nakamoto statue. Supply: Satoshigallery

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

Satoshigallery provided 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 enduring murals by the Italian artist and Bitcoin advocate Valentina Picozzi was unveiled in October 2024 and has turn out to be a flagship image of the Bitcoin neighborhood. The statue took 21 months to totally plan and assemble, in accordance with the artist.

Associated: Bitcoin creator Satoshi Nakamoto is the world’s eleventh richest individual

Bitcoin neighborhood reacts to vandalism towards iconic image

The Bitcoin neighborhood voiced reactions of disgust and defiance on the theft and vandalism of the statue, which has since turn out to be an emblem of the Bitcoin motion and the digital forex’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 submit.

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 accountable for the vandalism.

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

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

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