PANews reported on April 22 that according to Protos, a Binance user accused the exchange of "stealing" a picture based on Ordinals that he mistakenly transferred to a BTC deposit address. Because the customer service could not help and he found that the asset was put up for sale on Magic Eden, he accused Binance employees of embezzling it on social media, sparking heated discussions in the crypto community. However, senior Bitcoin users clarified that this was a "Sat Gold Rush" phenomenon: the data of Bitcoin Ordinals was assigned to specific Satoshis, and owning Satoshis meant owning the rights to Ordinals. Some collectors "screened" rare Satoshis by depositing and withdrawing BTC in batches from exchanges. The random withdrawal mechanism in the exchange's mixed Bitcoin pool caused the Ordinals to accidentally fall into the hands of gold diggers, and it was not actively occupied by the exchange. The user who mistakenly transferred the Ordinals subsequently deleted his post accusing Binance.
This digital gold rush has become a niche activity in the crypto community, with participants paying mining fees to repeatedly deposit and withdraw BTC to play the "lottery". Binance executives believe that satoshis are interchangeable, and its employees do not spend time sifting through customers' deposits to find rare satoshis. Binance staff simply distributes satoshis from a large pile of mixed bitcoins to meet withdrawal requests, regardless of whether these bitcoins are "rare".
