Quantum Threatened Bitcoin Coins Get Recovery Tool, But Not for Satoshi’s 1.1 Million BTC

Bitcoin’s defense against quantum threats, BIP-361, would block new deposits to vulnerable addresses after three years and freeze what remains after five. This affects over 34% of Bitcoin’s supply, including roughly 1.1 million BTC attributed to Satoshi Nakamoto. The solution involves zero-knowledge proofs, but the method only works for addresses created after 2012, as pre-2012 wallets lacked hierarchical structures. Project Eleven and Jim Posen’s technology proves a user knows the key material for an address, though it hasn’t been tested on live blockchains yet. Critics argue this undermines Bitcoin’s promise of permanent ownership, but a functional recovery tool turns the freeze into a lock mechanism. June saw CEX volumes rise for the first time in five months, with spot trading up 15.3% to $1.11 trillion and RWA perpetual volumes hitting a record $311 billion.