Parliamentary researcher accused of spying for China says he is ‘completely innocent’
A parliamentary researcher who has been arrested on suspicion of spying for China has said he is “completely innocent”.
In a statement released by his lawyers, the man – who they did not name – said: “I feel forced to respond to the media accusations that I am a ‘Chinese spy’. It is wrong that I should be obliged to make any form of public comment on the misreporting that has taken place.
“However, given what has been reported, it is vital that it is known that I am completely innocent. I have spent my career to date trying to educate others about the challenge and threats presented by the Chinese Communist Party.
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“To do what has been claimed against me in extravagant news reporting would be against everything I stand for.”
On Monday afternoon, Commons Speaker Sir Lindsay Hoyle reassured MPs that the House “follows the same vetting procedures as the government” and parliamentary security “is working closely and effectively with other relevant authorities” – and keeping security arrangements under review.
Sir Lindsay said a small number of people were briefed about the arrest “on a strictly confidential basis” – and warned members against prejudicing future prosecutions by discussing the matter in the House.
The researcher, who is in his 20s, is understood to have had links to security minister Tom Tugendhat, foreign affairs committee chairwoman Alicia Kearns and other senior Tory MPs.
Scotland Yard said he was arrested in Edinburgh on 13 March.
The Sunday Times revealed that another man, who is in his 30s, was also arrested in Oxfordshire on the same day.
Sir Lindsay said the pair were bailed until early in October.
Officers from the Metropolitan Police’s Counter Terrorism Command, which oversees espionage-related offences, are investigating.
Both men were held on suspicion of offences under section one of the Official Secrets Act 1911, which punishes offences that are said to be “prejudicial to the safety or interests of the state”.
They have been bailed until early October.
Their arrests led to Rishi Sunak confronting Chinese premier Li Qiang at the G20 summit in India on Sunday over “unacceptable” interference in democracy.
The incident has also thrown a spotlight on the government’s stance towards China and raised questions about whether it should adopt a tougher approach.
The prime minister has sought to adopt a more diplomatic stance towards Beijing than some of the more hawkish members of his cabinet and party, who want China to be officially classified as a threat.
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PM raised ‘concerns’ with China
This morning Business Secretary Kemi Badenoch echoed Mr Sunak’s approach, saying China should not be considered a “foe” but a “challenge”.
Ms Badenoch said the claims of spying were an “extremely serious concern” but we “shouldn’t be using language that makes people scared”.
Asked whether China should be described as a threat, Ms Badenoch told Sky News: “I would define it as a challenge.”
Pressed on whether China should be described as a “friend or a foe”, she replied: “We certainly should not be describing China as a foe – but we can describe it as a challenge.
“I don’t think we should be careless in terms of how we speak about other countries when these sorts of things happen.”
But former Lord Chancellor and Foreign Secretary Philip Hammond told Sky News that in his view, the UK should approach China “with our eyes wide open”.
“It’s not a surprise to me this morning and I hope it’s not a surprise to many people that China is spying on us,” he said.
He said “many people” were spying on the UK and that the government needed to be “robust in our response”.
But he added: “That doesn’t mean we should cut trade and investment ties, that we should simply go into a defensive crouch.”
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China denies spying against UK
The Chinese embassy in London issued a statement yesterday in which it described the incident as “completely fabricated” and “nothing but a malicious slander”.
It also urged Britain’s lawmakers to “stop anti-China political manipulation”.
Read more:
How worried should we be about Chinese ‘spying’ in parliament?
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Labour’s shadow home secretary, Yvette Cooper, claimed security services warned about the dangers of spying “some time ago”.
She pointed to the “damning” report from the security and intelligence committee in July which said the government had “no strategy” to deal with China.
“We think there has to be a comprehensive strategy towards the risks, the challenges, and the threats from other states to our national security,” she said.
Asked if she believed China was a friend or foe, she said: “Well, the relationship is clearly complex.
“There are serious issues around the human rights abuses in China. There are serious issues around their approach and their role across the world. And we also have this trading relationship, as we’ve seen the rise of China. We have to deal with that. But in particular, we have to make sure we protect our own national security. That has to come first.”
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Source: Web.archive.org
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Related: Bitcoin at 16: From experiment to trillion-dollar asset
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Is Satoshi Nakamoto wealthier than Bill Gates?
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
Satoshi’s new addresses. Source: Conor Grogan
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Source: Anthony Scaramucci
On April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
Trump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.
Related: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks
Meanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.
Crypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market “is tanking,” Bitcoin is holding.
Source: Jeff Dorman
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.
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