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Alleged Bitcoin Creator Denying Newsweek Claim Retains a Lawyer

Monday, 17 Mar 2014 11:03 AM

A California engineer identified by Newsweek magazine as the creator of the digital currency Bitcoin “unconditionally” denied the report and retained a lawyer.

Dorian Satoshi Nakamoto, a Temple City resident who formerly worked for the Federal Aviation Administration and defense companies, had previously denied Newsweek’s March 6 story in an interview with the Associated Press.

In a statement today he said he hired a lawyer, Ethan Kirschner of Los Angeles.

“I did not create, invent or otherwise work on Bitcoin,” Nakamoto said in a written statement. “I unconditionally deny the Newsweek report.”

Newsweek said in a statement published on its website March 7 that it “stands strongly” behind the story about the 64-year-old Nakamoto, which was the result of a months-long investigation by reporter Leah McGrath Goodman. Jim Impoco, the magazine’s editor-in-chief, didn’t immediately respond to a request for comment on Nakamoto’s latest denial.

Nakamoto said in his statement that he hadn’t been able to find steady work as an engineer or programmer for 10 years, and that he discontinued his Internet service in 2013 “due to severe financial distress.” Nakamoto also said the Newsweek story was the source of “a great deal of stress” for him and his family, and had harmed his prospects for gainful employment.

Bitcoin, the most popular digital currency, was created in 2009 by a programmer or group of programmers who remained anonymous and signed communications with the name Satoshi Nakamoto. The Temple City man had been born as Satoshi Nakamoto in Japan and changed his first name to Dorian in 1973, Newsweek reported, citing court documents.

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A California engineer identified by Newsweek magazine as the creator of the digital currency Bitcoin "unconditionally" denied the report and retained a lawyer.
lawyer,Bitcoin,currency,virtual
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2014-03-17
Monday, 17 Mar 2014 11:03 AM
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