Home Executive-Insights CTO Court Testimony by Ripple CTO ...

Court Testimony by Ripple CTO Revives Satoshi Nakamoto Mystery

CTO

Business Honor - Ripple CTO Court Testimony Revives Satoshi Mystery

Business Honor
10 July, 2025

David Schwartz’s court statement revives speculation linking Bitcoin’s creator to XRP holdings

David Schwartz who is the Chief Technology Officer at Ripple has made a court declaration that has been revived and it has sparked fresh controversy in the cryptocurrency space. In a 2023 U.S. court battle involving Ripple and the SEC, Schwartz hinted that "Toshi, the original inventor who probably held an enormous amount of XRP at that point in time". The comment, which was recently shared again on the social media site X, has reignited interest in a potential link between the XRP token and Bitcoin's mysterious founder, Satoshi Nakamoto.

Schwartz's remark was made during legal debates that distinguished XRP and Bitcoin. Due to the timing that was around 2017, when the supply of XRP had topped 38 billion tokens the reference to "Toshi" who is an informal name for Satoshi Nakamoto in the cryptocurrency community, caused some concern. Although Schwartz could not offer any evidence, the suggestion that Satoshi may have owned XRP challenges conventional wisdom that he was only interested in Bitcoin. Some have read the oath testament as an indirect suggestion while others dismiss it as a harmless technical remark taken out of context.

Regarding the effects of the statement, the crypto community is split. Some others think it suggests that Satoshi is more deeply involved in the larger world of digital assets while some even think Schwartz might be Nakamoto. Although Schwartz has admitted to helping write the code for Bitcoin in the early 2010s, he has continuously disproved these claims. The lasting mystery surrounding Satoshi Nakamoto's identity is further made difficult by the comment regardless of whether it was a blunder a clue or just misunderstood. This casual comment has turned into another thread in the most lasting and compelling story in cryptocurrency, a field where perception is shaped by narrative.