Although several pieces of evidence included references on Wright's blog to a "cryptocurrency document" that emerged months before the bitcoin whitepaper became widely circulated, following inquiries, it was discovered that he was the culprit of a hoax.
Various contradictions were pointed out in Wright's account. The blog postings, for example, looked to be outdated. Public encryption keys associated with Satoshi Nakamoto were also tampered with, according to evidence. Vitalik Buterin, the founder of Ethereum, who does not usually deal with politics in the cryptocurrency realm, publicly called Wright a fraud.