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International Business Times UK
International Business Times UK
Stephanie Cruz

Bitcoin Founder Satoshi Nakamoto Identified? NYT Report Links Adam Back To $79B BTC Fortune

Is Adam Back Bitcoin’s Creator? (Credit: IBT Creative)

A New York Times investigation has identified British cryptographer Adam Back as most likely the figure behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin, a claim the 55-year-old has flatly denied.

Back is the chief executive of Blockstream, a major Bitcoin infrastructure company he co-founded in 2014. The dormant wallets attributed to Satoshi are estimated to contain 1.1 million Bitcoin, worth around $79 billion (£62 billion) after the cryptocurrency surged above $72,000 (£57,000) per coin on Wednesday.

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