Man identified as Bitcoin founder denies role

Man identified as Bitcoin founder denies role

Man identified as Bitcoin founder denies role

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by Brett Molina, USA TODAY

NWCN.com

Posted on March 7, 2014 at 8:36 AM

The man Newsweek claims is the creator of bitcoin denies the report, claiming he hadn't heard of the cryptocurrency until three weeks ago.

In an interview with The Associated Press, Dorian Satoshi Nakamoto says he had nothing to do with bitcoin, which faces scrutiny following the shut down of popular exchange Mt. Gox.

Although Nakamoto confirms several details featured in Newsweek's story, he denies founding bitcoin. "I got nothing to do with it," Nakamoto tells AP.

The outlet's efforts to interview Nakamoto were as dramatic as his purported revelation as bitcoin founder. According to The Los Angeles Times, several reporters camped out in front of Nakamoto's house, but he said he refused to talk until he ate lunch.

Nakamoto left his home with an AP reporter who offered him a free meal, which spurred a chase by fellow reporters. "Nakamoto and the AP reporter hopped back into their car and for the next hour or so drove around local streets and highways with at least six other reporters tailing them," reads an excerpt from the report. "Finally, the Prius pulled into the parking garage in the downtown AP building."

Newsweek writer Leah McGrath Goodman stands by the story, reports AP. "There was no confusion whatsoever about the context of our conversation -and his acknowledgment of his involvement in bitcoin," she says.

According to Newsweek, during a verbal exchange with Goodman, Nakamoto said he was no longer involved with bitcoin. "It's been turned over to other people," he says in Newsweek's report. "They are in charge of it now. I no longer have any connection."

The potential discovery of Bitcoin's founder is the latest story on the rising digital currency, as questions swirl over its viability. Last week, the popular Bitcoin exchange Mt. Gox filed for bankruptcy, claiming weak systems exploited by hackers caused a loss of 750,000 bitcoins worth $450 million.

On Wednesday, the smaller exchange Flexcoin announced it was shutting down after it says it was "robbed" of 896 bitcoins valued at more than $600,000.

Follow Brett Molina on Twitter: @bam923.

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