- Satoshigallery posted a 0.1 Bitcoin reward for the statueโs recovery.
- No major crypto markets impact observed from the incident.
- Statue recovered from Lake Lugano after community-led search.
The Satoshi Nakamoto statue in Lugano, Switzerland, was reported stolen on August 2, 2025. Satoshigallery offered a reward of 0.1 BTC for its recovery, and eyewitnesses suggested it may have been thrown into Lake Lugano.
Cryptocurrency community remains unfazed by the statueโs theft, with no immediate financial consequences noted. Reward offers drive efforts to quickly restore the symbolic piece.
Incident and Immediate Reactions
In the early morning of August 2, 2025, the Satoshi Nakamoto statue in Lugano was stolen. The incident was highlighted by Satoshigallery, who initiated a search by offering a 0.1 Bitcoin reward. The initiative came following reports from local community members and users on X.
Satoshigallery, an art group responsible for the statueโs installation, announced the theft via their official X account. Valentina Picozzi, the artist behind the statue, is closely tied with various blockchain art initiatives, underlining its symbolic significance.
Community Efforts and Recovery
Eyewitnesses, including local crypto figure โGritto,โ suggested the statue may have been dumped in Lake Lugano. Efforts focused on recovering the piece quickly, but the incidentโs social and symbolic impact overshadows financial concerns.
Despite the eventโs occurrence in a high-profile location, there were no immediate effects on cryptocurrency values such as BTC or ETH. The focus remains on cultural implications rather than financial repercussions.
The recovery of the statue highlights potential regulatory and technological outcomes for public art security in crypto-related projects. While financial markets remain stable, the cultural importance of crypto symbolism is increasingly recognized.
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