Dorian Satoshi Nakamoto, the man Newsweek identified as the creator of Bitcoin, has issued a very formal and public statement saying that Newsweek is dead wrong and that the magazine's false report has ruined reputation and prospects of finding a job.
Nakamoto said in a statement released early Monday morning that "I have no knowledge of nor have I ever worked on cryptography, peer to peer systems, or alternative currencies," adding "I never consented to speak with the reporter. In an ensuing discussion with a reporter from the Associated Press." To give an example of how clueless he was about the cryptocurrency, Nakamoto says, "I called the technology 'bitcom.' I was still unfamiliar with the term."
Nakamoto's full denial comes after ten days of an avalanche of media attention thanks to Newsweek's article pegging him as the mysterious unknown man behind Bitcoin. Since the initial article ran on March 6, Nakamoto has been hounded by the press and Newsweek's journalistic standards of have taken beating, after beating. Critics of the magazine say it's running with circumstantial evidence and unfairly put Nakamoto in the spotlight. And even though Newsweek's editors have slightly changed their tone about how sure they were about Nakamoto and their story, editor Jim Impoco seemed to be relishing in the attention the story has gotten them. "We broke Twitter," he told Mashable on March 7. "I love it."
From the sound of Nakamoto's statement, it sounds like Impoco and Newsweek's editors might be in love with a story that was both incorrect, and may have damaged a man's life.
"My prospects for gainful employment has been harmed because of Newsweek's article," Sakamoto wrote, signaling that he's been damaged by the widely-circulated article. "Newsweek's false report has been the source of a great deal of confusion and stress for myself, my 93-year-old mother, my siblings, and their families," he added, explaining that this would be the last time he spoke publicly on the matter.
Here's the full statement:
This article is from the archive of our partner The Wire.