Satoshi Nakamoto is “Found”… Again

Since deBanked last entered its final best guess for whom Satoshi Nakamoto the creator of Bitcoin might be (Jack Dorsey), the New York Times has since published their own theory based on detective work conducted by John Carreyrou, the reporter that exposed the Theranos fraud with Elizabeth Holmes. Carreyrou says that Satoshi is probably Adam Back, the Bitcoin developer best known for being cited in Satoshi’s original 2008 research paper. While Carreyrou has said his confidence level hovers between 99-100%, his peers in the same field disagree.

For example, film producer Cullen Hoback, known for exposing the individual behind the QAnon Conspiracy, recently published his own work in an HBO documentary that led him to conclude that Satoshi was actually Bitcoin developer Peter Todd. Meanwhile, investigative reporter William D. Cohan, is releasing a documentary called Finding Satoshi in 7 days that claims it is more comprehensive than either of the others work and will reveal someone entirely different.

And then there is the CEO of Coinbase who has repeatedly said in podcast interviews that he believes Satoshi is the deceased cryptographer Hal Finney.

Sean Murray met with Carreyrou in February 2025 to discuss his Jack Dorsey theory but Carreyrou did not buy into it. On November 19th, 2025, Dorsey was given the opportunity in front of his shareholders and Wall Street analysts to deny the theory but instead took the opportunity to sidestep the question and say that the answer wasn’t important anymore.

Since all these high profile investigative reporters are confident in their answers and they can’t all be right, our theory that Dorsey, founder of Twitter and Square, and currently the largest originator of online small business loans, is actually Satoshi, continues to survive scrutiny to another day.