Who Is Jed McCaleb and Why Is He “Untouchable”?
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Who Is Jed McCaleb and Why Is He “Untouchable”?

This article was originally published on ProCoinNews.com.  Republished here with permission. Buckle up friends, we’re going on a deep dive today… A few days ago, we brought you a story on the “Satoshi Four”…at least that’s what I’m calling them, and I think we may have coined that term herehttps://procoinnews.com/who-is-jed-mccaleb-and-why-is-he-untouchable/ at ProCoinNews. What is the Satoshi Four? Or more accurately WHO are the Satoshi Four? Well, it comes from the recent revelation that despite leading the public to believe NO ONE in the U.S. Government knows who Satoshi is, that’s actually not true. Not true at all, it turns out. In fact, it turns out very early on the Feds went to interview Satoshi and they learned it was a group of four individuals. Watch this video here: @digitalassetbuy @DigPerspectives @MarketsMickle @TAIGxrp @_XRpizza @cowboycrypto131 @XRPNews_ person speaking is Rana Saoud assistant special agent in charge of Homeland Security Investigations. Does the government know who #Satoshi is and did they meet with “them”? pic.twitter.com/ugmZDXrWLQ — wEeZiE {X} (@NerdNationUnbox) July 6, 2022 Previously, even Joseph Lubin slipped up and admitted Satoshi was a “group”. Funny, I wonder how he knows that? Watch here: Holy slip up. Lubin reveals Satoshi is "a group"2017 cnbc power lunch exclusive interview. Oct 24 2017 pic.twitter.com/Z3AoBPbMha — CryptoMemeGuy (@xrpmemeguy) May 31, 2022 Here’s one more fun video before we move on and really go deep. Here is former SEC Chair Jay Clayton being asked if he knows who Satoshi is. Joe Lubin’s elbow thinks this guy is nervous and has a really bad “tell”… Watch here: Now that we’ve seen that video… check out Jay Clayton’s response to the “do you know who Satoshi is?” Nervous much? pic.twitter.com/Fp4xGH7iwo — wEeZiE {X} (@NerdNationUnbox) July 12, 2022 I’m no body language expert, but I’m pretty sure that’s one of the biggest lies I’ve ever seen. Jay, don’t ever try to make a career in playing poker, you wouldn’t fare well. So let’s recap quickly on what we’ve learned so far: First, the Government has known from VERY early on who/what Satoshi is. Second, they’ve been lying through their teeth claiming they didn’t know. Third, most likely all big business, big banking and big investment houses know as well, because there’s no way someone like Michael Saylor is betting his entire company on Bitcoin if he doesn’t know who the Founder is, if the Founder might come back, if the Founder might be a foreign country, etc.  They know.  They all know.  And they’ve been lying to you. That knowledge led to a great graphic The Working Money Channel posted recently: That graphic suggests that Three of the Four members of “Satoshi” are most likely Jed McCaleb, David Schwartz, Arthur Britto and one more person. We go into much more detail on that in this article: Is David Schwartz Satoshi? “It’s certainly plausible I was part of a group…” But now I want to advance the story… Now I want to talk Jed McCaleb, Costa Rica, Japan, Mt.Gox, Liberty Reserve, and how all of this may be connected. The man who seems to be at the middle of just about all of this is Jed McCaleb. Jed has been a notorious figure in the XRP Community for several years due to his “Tacostand Wallet” where he has been systematically selling the billions of XRP he received when he left the company. Many argue this has suppressed XRP’s price for years. Others say it’s had no impact. To me, the story here is much deeper. Whether Jed’s sales of XRP have hurt the XRP price is far less interesting and far less important than these questions: Why does Jed seem to be involved in just about everything in crypto dating back to the near beginning? Why does Jed always seem to exit right before things crash? Even after the crash, why does Jed never face any legal liability or legal restrictions of any kind? For example, there is no dispute that Jed was one of the founding partners of Ripple Labs and there is also no dispute that Jed has been selling his XRP for years, both before and during the SEC lawsuit. So why does the SEC sue Ripple Labs and Chris Larsen and Brad Garlinghouse but NOT Jed McCaleb? Certainly, he’s well know.  He’s an undisputed co-founder of Ripple Labs (Garlinghouse is not).  He’s continued to sell millions if not billions of XRP during the lawsuit — which the SEC claims is an unregistered security.  Garlinghouse, to the best of my knowledge, has not. So why sue Garlinghouse and not McCaleb? That’s the first of many questions that just don’t seem to make sense. Unless, Jed is a “made man”. Has Jed been on the inside track since the very beginning? We know David Schwartz is ex-CIA (which means CIA), so what is McCaleb?  Is he connected? Here’s another question: XLM is mostly a clone of XRP with a few minor changes.  Why is Ripple Labs sued and not McCaleb’s current company, Stellar Labs?  Why wouldn’t both be sued?  Is it because that would be a little TOO close to comfort for McCaleb? We’re just asking questions here and we’re only just scratching the surface. Let’s keep going… Now let’s talk Mt.Gox. Jed founded Mt.Gox which we all know had one of the most infamous hacks (allegedly) in all of Bitcoin, almost leading to the end of the blockchain. Once again, Jed was right at the heart of the story, but escapes unscathed. From The Observer: That he sold out in 2011 to Mark “MagicalTux” Karpeles, a French programmer living in Japan. Mr. Karpeles rewrote the entire code, so Mr. McCaleb’s fingerprints, literally and figuratively, were nowhere near the scene. Mr. McCaleb even told ArsTechnica.com that he himself had lost $50,000 in a Mt. Gox account when it tanked. Even if the extent of Mr. McCaleb’s involvement in the Mt. Gox collapse is never completely known, its immolation hangs over him like a toxic cloud. According to a leaked 2014-2017 Mt. Gox business plan, “MtGox (Japan) has two principles [sic]: Tibanne, owned by Mark Karpeles (88 percent) and Jed McCaleb; the initial founder and creator of the MtGox exchange platform (12 percent).” The bankruptcy proceeding commenced in Japan listed Mr. McCaleb as one of two owners of Mt. Gox. And just last week, Charlie Shrem, the Bitcoiner who is headed to prison and is very close to Mr. McCaleb and Mr. Karpeles and has done business with them, shared his suspicion that the Mt. Gox money actually disappeared much earlier than had been revealed: “I think he lost those coins early on. Like many years ago in the first hack.” That would put the time of the hack much closer to Mr. McCaleb’s daily involvement. Mr. Shrem told the Observer that this “first hack” occurred after Mr. McCaleb had fully transferred control over to Mr. Karpeles. “Jed was still helping out when he could, like we all did, but Mark had completely controlled Mt. Gox at this point.” Even Ripple Labs was excoriated on its own message boards for its association with Mr. McCaleb. One poster claimed that he knew for a fact that Mr. McCaleb maintained close ties to Mr. Karpeles after the sale, giving him his personal bank account information so Mt. Gox customers could deposit money through Mr. McCaleb. A reliable source could not confirm the details of the arrangement between the two Mt. Gox owners, but said it was “definitely Jed’s style to keep things loose and informal, such as trusting Mark with his personal bank account—and his administrator password, which then got hacked.” The two indeed appeared to be very close and Jed’s sale and departure seem incredibly timed: The World Money Show was in 2012 not long before Jed McCaleb left Ripple. Charlie Shrem is the host who is a founder of the Bitcoin Foundation along w/ Mark Karpeles who was Jed’s future partner at Mt Gox. @digitalassetbuy @DigPerspectives @BlackberryXRP https://t.co/7nxeyuV5Cn pic.twitter.com/sCZpN8OaUX — Cowboy.X (@cowboycrypto313) July 13, 2022 Tiffany Hayden has also raised a key point: was Jed ever actually IN Japan? Mt.Gox was famously located in Japan and yet Jed appears to have no connection to Japan whatsoever. Was Mt.Gox truly located in Japan? Hayden wonders if, perhaps, Costa Rica was more important than Japan because McCaleb has many ties to Costa Rica: Does anybody remember why @JedMcCaleb launched Mt Gox in Japan? Did he ever say? https://t.co/rSzBOE5oe0 —