Did Bitcoin founder Satoshi Nakamoto meet with the SEC?

• The Fox Business journalist ignites a lot of speculation with a sensational tweet.
• Terrett claims that the US SEC, Tim Draper and the original Bitcoin founder held a secret meeting five years ago.

Famous Fox Business journalist, Eleanor Terrett, has claimed that the US Securities and Exchange Commission (US SEC) and prominent Bitcoin investor, Tim Draper, know the actual identity of Satoshi Nakamoto (Bitcoin founder). Terrett, who made the allegations via Twitter, said she made the assumption after reviewing a copy of the public calendar of former SEC Director Bill Hinman. A screenshot of the tweet showed SEC official Valerie Szczepanik arranging a meeting between Satoshi, Draper and Hinman on August 23, 2017.

🚨SCOOP: It should look like @SECGov and @TimDraper know who Satoshi Nakamoto is. Check out this entry from Wednesday, August 23, 2017 at 11.00…

More about this @LizClaman @FoxBusiness at 15:45 @CGasparino pic.twitter.com/eEUJqJe8zV

— Eleanor Terrett (@EleanorTerrett) 27 September 2022

However, it is recorded that the meeting was not held in secret. Three days after the meeting, Draper expressed his displeasure with a Satoshi impostor who had targeted him but had wasted most of his time. A few weeks later, a top media outlet, The Verge, provided highlights from the meeting.

Draper and the Satoshi impostor met to discuss the possibility of launching an initial coin offering (ICO). The fake Satoshi tried to convince potential investors (including Tim Draper) that he was the founder of the leading digital asset. However, Draper did not proceed with the deal after discovering that the man claiming to be Satoshi was a fake.

I was just targeted by a Satoshi fake. He was very persuasive and wasted a lot of my time. Could have been much worse. Watch out!

— Tim Draper (@TimDraper) 25 August 2017

The scammer told The Verge that an SEC commissioner tried to speak to him in Japanese. The financial watchdog had no comment when The Verge published the report. However, the screenshot from Hinman’s public calendar proves that the SEC met with the Satoshi fraudster. It is unclear whether SEC officials realized they were encountering a fake Satoshi. According to The Verge’s report, regulators took the fraudster’s claims seriously.

There have been several people who claim to be the original Bitcoin founder. But it is on record that no one knows the real identity of Satoshi Nakamoto. One of the latest people to claim to be Satoshi is Australian computer scientist Craig Wright. An Oslo district court, however, rejected Wright’s lawyers’ claims as farcical and not credible.

Bitcoin price fell by 8 percent

Meanwhile, the top two digital currencies, Bitcoin and Ethereum, erased Tuesday’s gains after falling 8 percent 24 hours later. The leading digital asset, BTC, lost 5.2 percent in the last 24 hours and is currently trading at $19,146, according to our data. However, the 7-day chart shows that Bitcoin has only lost about 1 percent in value, indicating the asset’s rocky week.

Bitcoin traded within a narrow range last week, trading between $18,290 and $20,388. At its current price, Bitcoin is 73 percent down from its all-time high of $68,789, reached in November 2021. Coinglass data reported more Bitcoin liquidations in the last 24 hours than any other cryptocurrency. The report added that over 82 percent of BTC long trades (worth around $44.08 million) were liquidated by investors in the last 24 hours.