Skip to main content

Newsweek’s Bitcoin creator ‘unconditionally’ denies any involvement in Bitcoin

dorian s nakamoto bitcoin newsweek satoshi
Dorian S. Nakamoto Image used with permission by copyright holder

Dorian Satoshi Nakamto, the 64-year-old California man alleged in a recent Newsweek cover story to be the creator of Bitcoin, has hired legal representation, reports the LA Times. He has also released a public statement to “unconditionally deny” the magazine’s story and any involvement with the popular cryptocurrency.

The statement, provided to media outlets by attorney Ethan D. Kirschner and first published in a tweet by Reuters’ financial columnist Felix Salmon early Monday, was released “to clear my name,” wrote Nakamoto.

“I did not create, invent, or otherwise work on Bitcoin,” Nakamoto continued. “I unconditionally deny the Newsweek report.”

The statement follows Nakamoto’s earlier denial, given in the hours following the publication of Newsweek’s article, to the Associated Press. Nakamoto’s statement does not specifically address the claim by Leah McGrath Goodman, author of the Newsweek article in question, that Nakamoto vaguely confirmed his involvement in Bitcoin by telling her, ““I am no longer involved in that and I cannot discuss it. … It’s been turned over to other people. They are in charge of it now. I no longer have any connection.” That quote served as Newsweek’s primary piece of evidence that Dorian Nakamoto created Bitcoin.

Newsweek has consistently stood by its story and McGrath Goodman.

Here’s Nakamoto’s full letter:

Bi59sc6CEAE6NkO In case you missed it, Nakamoto says that, due to an inability to find proper work, he cancelled his Internet service in 2013 because of “severe financial distress” – not exactly what you would expect from someone reportedly worth hundreds of millions of dollars in Bitcoin. Nakamoto also says Newsweek’s article has “harmed” his chances of finding new employment, which some believe is a prelude to a lawsuit against the publication.

Immediately following the publication of Newsweek’s “The Face of Bitcoin” article, the Bitcoin community began to punch holes in the story due to its lack of concrete evidence proving that Dorian S. Nakamoto is the same “Satoshi Nakamoto” – a name long considered a pseudonym – who authored the original paper on Bitcoin and helped in the digital currency’s development before disappearing entirely in 2011.

In the aftermath of the Newsweek report, an account used by the “real” Satoshi Nakamoto came back to life, briefly, with the posting of a single sentence: “I am not Dorian Nakamoto.”

In response to Nakamoto’s statement, Newsweek says it “has not received any statement or letter from either Mr. Nakamoto or his legal counsel,” and will not respond until it does.

(Image via NYMag)

Editors' Recommendations

Andrew Couts
Former Digital Trends Contributor
Features Editor for Digital Trends, Andrew Couts covers a wide swath of consumer technology topics, with particular focus on…
Meet the game-changing pitching robot that can perfectly mimic any human throw
baseball hitter swings and misses

Who’s your favorite baseball pitcher? Shane McClanahan? Sandy Alcantara? Justin Verlander? Whoever you said, two of the top sports-tech companies in the U.S. -- Rapsodo and Trajekt Sports -- have teamed up to build a robot version of them, and the results are reportedly uncannily accurate.

Okay, so we’re not talking about walking-talking-pitching standalone robots, as great a sci-fi-tinged MLB ad as that would be. However, Rapsodo and Trajekt have combined their considerable powers to throw a slew of different technologies at the problem of building a machine that's able to accurately simulate the pitching style of whichever player you want to practice batting against -- and they may just have pulled it off, too.

Read more
The best portable power stations
EcoFlow DELTA 2 on table at campsite for quick charging.

Affordable and efficient portable power is a necessity these days, keeping our electronic devices operational while on the go. But there are literally dozens of options to choose from, making it abundantly difficult to decide which mobile charging solution is best for you. We've sorted through countless portable power options and came up with six of the best portable power stations to keep your smartphones, tablets, laptops, and other gadgets functioning while living off the grid.
The best overall: Jackery Explorer 1000

Jackery has been a mainstay in the portable power market for several years, and today, the company continues to set the standard. With three AC outlets, two USB-A, and two USB-C plugs, you'll have plenty of options for keeping your gadgets charged.

Read more
CES 2023: HD Hyundai’s Avikus is an A.I. for autonomous boat and marine navigation
Demonstration of NeuBoat level 2 autonomous navigation system at the Fort Lauderdale International Boat Show

This content was produced in partnership with HD Hyundai.
Autonomous vehicle navigation technology is certainly nothing new and has been in the works for the better part of a decade at this point. But one of the most common forms we see and hear about is the type used to control steering in road-based vehicles. That's not the only place where technology can make a huge difference. Autonomous driving systems can offer incredible benefits to boats and marine vehicles, too, which is precisely why HD Hyundai has unveiled its Avikus AI technology -- for marine and watercraft vehicles.

More recently, HD Hyundai participated in the Fort Lauderdale International Boat Show, to demo its NeuBoat level 2 autonomous navigation system for recreational boats. The name mashes together the words "neuron" and "boat" and is quite fitting since the Avikus' A.I. navigation tech is a core component of the solution, it will handle self-recognition, real-time decisions, and controls when on the water. Of course, there are a lot of things happening behind the scenes with HD Hyundai's autonomous navigation solution, which we'll dive into below -- HD Hyundai will also be introducing more about the tech at CES 2023.

Read more