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Satoshi’s 1.1 million bitcoin and millions more can be saved from quantum attack, says expert

Reported by Coindesk
May 21, 2026· 2 min read
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Key Takeaways
  • • AmericanFortress researchers have developed a patent-pending post-quantum signature scheme designed to protect dormant and inactive Bitcoin wallets—including Satoshi Nakamoto's 1.1 million BTC—from future quantum attacks without requiring mass fund migrations.
  • • Approximately 5 million BTC across dormant accounts, combined with Satoshi's holdings, represents roughly $400 billion in assets potentially vulnerable to quantum-enabled theft and market dumping.
  • • The proposed solution employs a backward-compatible soft fork to automatically freeze and protect pre-BIP32 addresses (Satoshi-era wallets lacking seed phrase derivation) until community governance decides whether to move, burn, or redistribute the assets.
  • • The quantum defense protocol is designed to apply across major blockchain ecosystems beyond Bitcoin, including Ethereum, Solana, and Tron, addressing systemic vulnerability rather than single-chain risk.
  • • According to CEO Michal Pospieszalski, the breakthrough eliminates the need for protocol upgrades while maintaining Bitcoin's integrity, with implementation contingent on a minor Bitcoin Improvement Proposal (BIP).
Summary
AmericanFortress, a privacy-centric blockchain startup, has unveiled a patent-pending post-quantum signature scheme intended to defend the cryptocurrency ecosystem against future quantum computing attacks without triggering mass asset migrations or market disruptions. The breakthrough addresses a specific and material risk: Satoshi Nakamoto's estimated 1.1 million bitcoin, combined with nearly 5 million BTC held in dormant accounts, collectively worth approximately $400 billion, remains potentially vulnerable to quantum-enabled key extraction and theft.

The core technical challenge centers on older, "Pre-BIP32" Bitcoin addresses created during Satoshi-era mining. Unlike modern wallets that derive keys from seed phrases and can be automatically upgraded, these legacy addresses lack the infrastructure for seamless migration to quantum-resistant cryptography. AmericanFortress's proposed solution circumvents this limitation through a backward-compatible soft fork that would automatically freeze vulnerable funds pending community consensus on permanent protective measures—moving, burning, or redistributing the assets rather than allowing them to remain exposed to potential quantum compromise.

Michal Pospieszalski, AmericanFortress CEO, emphasized that the protocol addresses a critical systemic risk: unscrupulous actors exploiting quantum-enabled access to dormant wallets could extract and liquidate massive Bitcoin quantities simultaneously, triggering what he characterized as a "catastrophic, non-economic sell order" that would flood markets with unprecedented volume and incalculable economic consequences. The proposed quantum defense requires only a minor Bitcoin Improvement Proposal rather than a contentious hard fork, improving adoption feasibility across the network.

The framework extends beyond Bitcoin to Ethereum, Solana, and Tron, positioning the innovation as an ecosystem-wide defensive infrastructure rather than a single-chain patch. Implementation timing remains contingent on community governance approval, but the research suggests that dormant wealth—estimated at $400 billion across Bitcoin and related chains—can be secured without disrupting active market participants or requiring individual wallet owners to undertake manual migration protocols.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Coindesk Satoshi’s 1.1 million bitcoin and millions more can be saved from quantum attack, says expert