• Jörg Molt, a German DJ and entrepreneur who claimed to be a co-creator of Bitcoin has been arrested.
  • He is accused of defrauding 50 people of $214 million through his “Bitcoin pension” project.

In November 2019, a German DJ and entrepreneur Jörg Molt appeared at the 2019 WCC Vegas Blockchain Week conference claiming to be a co-creator of Bitcoin. He also claimed to be running “Satoshi School” where only Bitcoin and blockchain were taught. At the time of the interview, he mentioned that he holds about 250,000 Bitcoins, a claim that was widely doubted.

Molt was later exposed by his ex-wife that he did not even have a computer in 2008 when Bitcoin was being created, further dubbing him “Faketoshi.”

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