At a press conference in London on October 31, Stephen Mollah, a British businessman claiming to be Satoshi Nakamoto, faced skepticism over his assertions regarding the identity of Bitcoin's creator.
Despite his description as an economic and monetary scientist, Mollah’s presentation faltered due to technical issues with his laptop, preventing a planned live demonstration.
During the event, Mollah showcased what were described as easily fabricated screenshots as evidence of his claims. When journalists pressed him for more substantial proof—like transferring Bitcoin from the Genesis block or providing cryptographic signatures—he stated he would fulfill these requests in the months to come. His inability to provide credible evidence led many attendees to leave, with one observer noting Mollah’s nervous demeanor.
The BitMEX Research team, present at the conference, derisively labeled Mollah as “Faketoshi.” Throughout his speech, Mollah made additional claims, including inventing the euro bond and the Twitter logo. The press conference had been promoted as a significant reveal of Satoshi’s identity, with a statement suggesting that “growing legal pressures” compelled Mollah to come forward.
Reports indicate that both Mollah and event organizer Charles Anderson are facing allegations of fraud for falsely claiming ownership of 165,000 Bitcoin purportedly held in Singapore, with intentions to deceive an individual named Dalmit Dohil. Both have pleaded not guilty to the charges, with their trial set for November 3, 2025.
Ultimately, Mollah’s failure to provide conclusive evidence left lingering doubts about his claims and further obscured the true identity of Bitcoin’s creator.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.