Market News

Report Says SEC and Tim Draper Got Duped Big-Time by a Fake Satoshi

  • The alleged calendar of a former SEC official shows that SEC met with the creator of Bitcoin, Satoshi Nakamoto.
  • After doing a background check, the SEC confirmed that the guy was an imposter.
  • The fake Satoshi talked about some mistakes he made in creating Bitcoin and how to fix them.

The calendar of a former Securities and Exchange Commission official, whose itinerary recently surfaced all over several outlets, shows that the SEC allegedly met with the founding father of crypto, Satoshi Nakamoto. 

Read CRYPTONEWSLAND on google news

Reportedly, the meeting schedule, which was uncovered by Fox Business Journalist Eleanor Terrett was from the former SEC Director of Corporation Finance, William Hinman. 

In a recent tweet, Terrett showed what would appear to be a meeting of the SEC and Nakamoto, along with venture capital investor and crypto investor Tim Draper.

Later that day, Terret found out an old Twitter post of Draper, confirming that it was a fake Satoshi. Yet, the Journalist was amazed at how this person got near both Draper and the SEC. 

Satoshi Nakamoto, a name presumed to be a pseudonym for the person or people who created Bitcoin, has been inactive in the blockchain world for more than a decade now. 

According to the publication of Fox Business, it was unclear how Draper or the SEC believed that they had found the real Nakamoto. On August 23, 2017, a former SEC official who was present at the meeting said the alleged Satoshi discussed his views on Bitcoin and the blockchain he created n 2008. 

Furthermore, the guy who convinced Tim he was the real deal, was talking “as if he wanted to do good things,” a former SEC official who joined the meeting said. After the discussion, the SEC became curious about who this guy really is and did a background check. 

It was later that moment when they found out that that person has just deceived the SEC and Draper big-time. Upon finding out that the guy was fake, a former SEC official said they “all started laughing.”

Bryan Yanzon

Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.

Recent Posts

Polkadot Primed for Bullish Events Ahead, TikTok-Like Parachain in the Works, Could DOT Price go 10x This Cycle?

The #Polkadot Network is geared up for #bullish events in the coming weeks, it could…

33 mins ago

Best Altcoins Under $1 for Significant Returns: Watch for Major Gains

🚀 Discover the top 5 altcoins under $1 set for significant gains! #Crypto #Altcoins #Investment…

48 mins ago

Altcoins Primed for All-Time Highs: This Week’s Best Altcoins to Watch

🚀 Top altcoins set to hit all-time highs this week! Don't miss out on these…

1 hour ago

BlockDAG Takes The Lead With A $28M Presale: Outperforming CRO And Bittensor

Explore how #BlockDAG dominates the crypto market, promising major returns and revolutionizing mobile mining. Visit…

5 hours ago

Ethereum Aims to Break $3,220 Barrier for Market Uptrend

#Ethereum's rollercoaster ride: Soaring past $4,000, battling downtrends, and eyeing a comeback! 📈 Stay tuned…

7 hours ago

XRP Rides High on Market Sentiment Boost from CPI Decline!

#XRP rides the wave of optimism as US CPI data sparks market rally. Technical analysis…

8 hours ago