Glassnode co-founder: Approximately 6260000 public keys have been exposed, accounting for the total supply 31.2%

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Glassnode co-founder said that approximately 6260000 public keys have been publicly disclosed on-chain, accounting for the total supply 31.2%。

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Glassnode co-founder: Approximately 6260000 public keys have been exposed, accounting for 31.2%BlockBeats news,October 9, Glassnode co-founder Rafael stated in a post that approximately 6260000 public keys are currently publicly visible on-chain, accounting for 31.2%. To move these to addresses whose public keys have not yet been exposed and are identified only by their hashes, at least the same amount of would need to be transferred. This proportion has risen from 2021 at the beginning of 24.8%to its current level, returning to approximately the level seen around 2016. Of these, approximately 4330000 had their public keys exposed due to address reuse; the relevant addresses had previously processed outgoing transactions. Transferring these to new addresses would eliminate this type of exposure. In addition, approximately 1940000 had their public keys exposed due to script types, of which 1710000 belong to P2PK addresses, including approximately 1100000 attributed to Satoshi Nakamoto, while approximately 222000 are held in Taproot addresses.

Among the held by exchanges, the public keys corresponding to approximately 1790000 have been exposed. Exposure ratios vary significantly across exchanges:Coinbase at 10%，Bitfinex at 100%. Among the top 15 exchanges by holdings, 7 have a relevant ratio above 99%. Among other institutions, approximately 375000 of Fidelity's 2%holdings have exposed public keys; the holdings of the US, UK, and El Salvador governments all have a ratio of 0%. The corresponding ratio is 49%for Grayscale, 99%for Revolut, and 100%for Robinhood.

Compared with the data released in May this year, the amount of with exposed public keys has increased by 222000, while the total supply increased by only 64000 over the same period. Exchange holdings contributed 123000 of the increase. Currently, approximately 57%of the held by exchanges has exposed public keys, higher than the May of 55%and the 2021 of 39%at the beginning of the year. It should be noted that the above ratios reflect address usage and do not constitute a risk ranking of the relevant platforms or assets, nor do they represent an assessment of their security.

Original link https://m.theblockbeats.info/flash/370906

Key points

Glassnode co-founder Rafael stated that approximately 6260000 public keys have been publicly disclosed on-chain, accounting for 31.2%。
Approximately 4330000 had their public keys exposed due to address reuse, while approximately 1940000 had their public keys exposed due to script types.
Among the held by exchanges, the public keys corresponding to approximately 1790000 have been publicly disclosed; the overall public-key exposure ratio is approximately 57%。
Compared with this year May, the amount of Bitcoin with exposed public keys increased by 222000 coins, of which exchange holdings contributed 123000 coins to the increase.
The material expressly states that the relevant ratios reflect address usage, do not constitute a risk ranking of platforms or assets, and do not represent a security assessment.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A public key is public information used to identify and verify Bitcoin transactions. The material states that the public keys of some Bitcoin addresses have been publicly disclosed on-chain, mainly due to address reuse or specific script types. Moving exposed due to address reuse to new addresses can eliminate this type of exposure.

Why it matters to readers

The expanded scope of public-key exposure means that the address usage of more is receiving attention; however, the material does not state that these have been stolen, nor does it equate the exposure ratio with platform security risk.

This is not the amount of Bitcoin stolen, but a statistic concerning the degree to which on-chain address information is publicly disclosed. Exposure ratios across platforms cannot be used directly to determine whether a platform is secure.

Risks and unknowns

The material is a BlockBeats report and does not provide the original Glassnode report or independently verifiable on-chain data.
The public-key exposure ratio alone cannot confirm whether specific assets face an actual attack or whether a security incident has occurred.
The material does not specify 6260000 the complete list of specific addresses corresponding to.

Glassnode co-founder: Approximately 6260000 public keys have been exposed, accounting for the total supply 31.2%

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