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Ripple CTO says Bitcoin creator's $70B keys likely lost forever amid identity debate

Market News
09 Apr 2026
UToday
View Source
Neutral
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Ripple CTO David Schwartz commented on a New York Times investigation claiming Adam Back as Bitcoin's creator, Satoshi Nakamoto. Schwartz agrees that whoever Satoshi is, the keys to the estimated $70 billion Bitcoin fortune are probably lost forever, explaining why the creator shows no signs of immense wealth. The theory that Back is Satoshi faces skepticism due to lack of conclusive evidence and Back's modest financial behavior. Schwartz also dismissed rumors that he himself is Satoshi, noting he only learned about Bitcoin in 2011.

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