Jorg Molt was recently hosted at a SIMS convention at Symbiosis International University, where he was introduced as the “co-founder of Bitcoin.” To put it mildly, it was embarrassing for everyone involved.

A new fake Satoshi Nakamoto has come onto the scene, and it didn’t take a second for him to ridiculed on crypto-Twitter and beyond.

A New Fake Satoshi

Jorg Molt was recently at a convention where he was introduced as the “co-founder of Bitcoin.” It’s unclear how he even managed to get a speaking slot on stage, but apparently, he had the entire audience fooled.

SIMS, the management institute, has seen its reputation plummet online as a result of hosting Molt. It seems they did no background check on who he was or any of his claims.

Molt even claimed to own 250,000 BTC—a strange admission which nobody should really care about. Yet, he found it to be a point of pride, as he told the audience his holdings as if it was a clear sign he was the “co-founder of Bitcoin.”

Bitcoin Community Speaks out Against Molt

Luckily, Molt was confronted by Kenneth Bosak (@KennethBosak), who told him to his face that he was a scammer. Molt first attempted to ignore him, but eventually, the venue’s security got involved. Still, Molt seemed to have no retort to Bosak and was made a fool in a clip now watched by over 161,000 people.

Popular cryptocurrency commentator Andreas Antonopoulos also took to Twitter to expose Molt. Apparently, Molt was using a photo with Antonopoulos in it to say that they are “friends.” However, Antonopoulos took to Twitter to unequivocally deny this claim and said it is an outright lie. “If you try to use my reputation to boost yours fraudulently, I will use my reputation to reveal your fraud,” he writes.

Thankfully, because the Bitcoin community has been so quick to callout Molt, this might be the end of his antics. However, we still have the original Fake Satoshi to deal with (you know the name)—and that will likely continue to be a thorn in everyone’s side for much longer.


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Anton Lucian

Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in. Email.

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