Big Names In Finance Fooled By Fake Satoshi

Draper was working on an ICO with the fake Satoshi
Draper was duped along a ‘fake Satoshi’ to the SEC
BTC Price at the time of writing – $19,077.89

This week, our most recent retrospective investigation into a 2017 SEC meeting allegedly attended by Tim Draper and the ever-elusive Satoshi Nakamoto left Twitter in fits of laughter.

The only issue? Draper, a venture capitalist, appears to have been duped into bringing a “fake Satoshi” to the SEC. What a great time to live in.

Bitcoiner of B-Grade: A Scam Satoshi!

Of course, at Bitcoinist, they’ve covered speculation about “who is Satoshi” for years, but there haven’t been any new developments or thoughts on the subject in a while.

The craziness of this week, on the other hand, does not uncover any brand-new stones; rather, it simply provides additional context for already existing (and hilarious) ones.

Eleanor Terrett, a reporter for Fox Business, sent out a tweet on Tuesday that suggested that the SEC knew who Satoshi Nakamoto was. The tweet was based on a rumored screenshot of 2017 SEC meeting entries with venture capitalist Tim Draper and a single “Satoshi N.”

The tweet came after Terrett said that she had a copy of all of former SEC director and now Andreessen Horowitz partner Bill Hinman’s calendars.

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Draper really attended an SEC meeting with a fake Nakamoto

The truth behind Terrett’s findings was revealed by the power of crypto Twitter within hours: The whole time, it was just a fake Satoshi.

If Draper actually went to an SEC meeting with a fictitious Nakamoto, it would be recorded in crypto history.

Even if the meeting did not take place, it gives the wild 2017 tale of Draper’s brief journey with the imposter some additional context.

Draper and the fictitious Satoshi were working on an ICO at the time—this was obviously before the chaos of the ICOs in 2017 and 2018—when Draper eventually realized what was going on and cut them off.

He went on to tell the Verge in a straightforward manner, “he is a fake.”“He had me going for a bit, but his ‘proof’ didn’t check out,” Draper added later.