Probe into bitcoin founder ties identity to Blockstream CEO Adam Back
Adam Back, co-founder and chief executive officer of Blockstream, at the Bitcoin 2025 conference in Las Vegas on May 28, 2025.
Ronda Churchill | Bloomberg | Getty Images
A report in the New York Times states that the identity of Satoshi Nakamoto, the fake creator of Bitcoin, has been discovered.
article He identifies 55-year-old Adam Back, CEO of Blockstream, a leading cryptographer and early figure in the Bitcoin community, as the strongest candidate to be the founder of the revolutionary digital money system introduced in 2008. Back has denied various claims over the years that he is Satoshi Nakamoto, and he did so again on Wednesday. Post array in X.
The cryptocurrency community has always maintained that the mystery is not financially significant and that even if proven, it would have little impact on the identity of the founder. bitcoin foundations. They say Bitcoin has been independently operated for more than 10 years and perhaps it is better for investors to keep it that way.
“Today’s New York Times story is built on circumstantial interpretation of selected details and speculation, not conclusive cryptographic evidence,” Blockstream said in a statement. he said. “Dr. Adam Back has repeatedly stated that he is not Satoshi Nakamoto.”
“Ultimately, this proves nothing,” Back said in the Times article. “And I assure you it’s not really me.”
John Carreyrou, the author of the investigation who rose to fame after revealing the Theranos story in 2015, noted similar wording among Back and Satoshi’s early online forum posts, pointing to spelling and grammar rules, overlapping timelines of online activity, and Back’s early work on Hashcash, a proof-of-work system crucial to bitcoin mining.
The year-long investigation is far from the first attempt to reveal Nakamoto’s identity. Back is seen as one of the most plausible candidates, along with computer scientists Hal Finney and Nick Szabo.
The 2024 HBO documentary “Money Electric: The Bitcoin Mystery” identified developer Peter Todd as the creator of bitcoin.
Bitcoin price recently rose 4.4% to $71,732.79 on Wednesday as part of broad market relief tied to the US-Iran ceasefire.
