Bitcoin Not-Founder Dorian Nakamoto to File Lawsuit against Newsweek

October 13, 2014

Dorian Nakamoto has taken steps towards suing Newsweek for their false report about him earlier this year. For those unfamiliar with one of the largest media gaffs of 2014, Newsweek author Leah McGrath Goodman wrote an article allegedly unmasking Dorian Nakamoto as Satoshi Nakamoto (the pseudonym of Bitcoin’s creator(s)).

Newsweek stood by their “forensic reporting,” which they admitted consisted of identifying the several dozen some-odd Japanese people with both the names ‘Satoshi’ and ‘Nakamoto’ and searching for computer/engineering skills. It is exactly as ridiculous as it sounds. The offending author has previously been sued for defamation for using quotes out of context.

Also read: Leah McGrath Goodman Insults Bitcoin Community, Still Stands By Article

Newsweek Will See Consequences

Newsweek has not even issued an apology, private or public, to Dorian Nakamoto for the obvious journalistic failures on their part. They only appended a statement released by Dorian Nakamoto: the very bare minimum. In the statement released on March 17th Dorian Nakamoto and his legal consult set the stage for future litigation against Newsweek:

I have not been able to find steady work as an engineer or programmer for ten years. I have worked as a laborer, polltaker, and substitute teacher. I discontinued my internet service in 2013 due to severe financial distress. I am trying to recover from prostate surgery in October 2012 and a stroke I suffered in October of 2013. My prospects for gainful employment has been harmed because of Newsweek’s article.

Newsweek’s false report has been the source of a great deal of confusion and stress for myself, my 93-year old mother, my siblings, and their families. I offer my sincerest thanks to those people in the United States and around the world who have offered me their support. I have retained legal counsel. This will be our last public statement on this matter. I ask that you now respect our privacy.

Dorian Nakamoto Unveils

True to their word, has gone online without any public statement. The site is currently seeking donations to Dorian Nakamoto for the purpose of pursuing legal action. Following Newsweek’s false report, the Bitcoin community, led by Andreas M. Antonopoulos, raised ~$20,000 for Dorian Nakamoto, which is still being used by him. Likely, there will be a statement on an entirely new matter: A defamation suit against Newsweek or Leah McGrath Goodman, or both.

Images from Shutterstock.

Last modified (UTC): October 14, 2014 00:04