Did Bitcoin founder Satoshi Nakamoto meet with SEC and Tim Draper 5 years ago? New report suggests

• Fox Business journalist ignites lots 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 claims via Twitter, said she assumed after reviewing a copy of the public calendar of ex-SEC director bill Hinman. A screenshot from the tweet showed that SEC official Valerie Szczepanik organized a meeting between Satoshi, Draper, and Hinman on August 23, 2017.

🚨SCOOP: It would appear @SECGov and @TimDraper know who Satoshi Nakamoto is. Check out this entry from Wednesday, August 23rd 2017 @ 11:00AM…

More on this @LizClaman @FoxBusiness at 3:45PM @CGasparino pic.twitter.com/eEUJqJe8zV

— Eleanor Terrett (@EleanorTerrett) September 27, 2022

However, it is on record that the meeting wasn’t held secretly. Three days after the meeting, Draper expressed his displeasure at a Satoshi impostor who had been targeting 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 didn’t proceed with the deal after discovering that the man claiming to be Satoshi was fake.

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

— Tim Draper (@TimDraper) August 25, 2017

The impostor told The Verge that one SEC commissioner attempted to converse with him in Japanese. The financial watchdog didn’t make a comment when The Verge published the report. However, the screenshot from Hinman’s public calendar proves that the SEC met with the Satoshi impostor. It is unclear whether the SEC officials realized they were meeting with a fake Satoshi. According to The Verge’s report, the regulators took the impostor’s claims seriously.

There have been several persons 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 most recent persons claiming to be Satoshi is Australian Computer Scientist, Craig Wright. However, an Oslo District Court on Monday dismissed wright’s lawyers’ claims as farce and not credible.

Bitcoin price declined by 8 percent

Meanwhile, the top two digital currencies, Bitcoin and Ethereum, erased Tuesday’s gains after dropping 8 percent 24 hours later. The leading digital asset, BTC, lost 5.2 percent in the past 24 hours and currently trades 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 off 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 about $44.08 million) were liquidated by investors in the past 24 hours.