The campaign aims to fund legal action against Newsweek on behalf of the man accused of being bitcoin's inventor.
The Californian man accused by Newsweek of being the founder of bitcoin has thanked the community for its support.
The bitcoin community launched two fundraisers over the last week for two high-profile figures in bitcoin.
Nakamoto has stated via his lawyer, that he "did not create, invent or otherwise work on bitcoin".
An Andreas Antonopoulos-led fundraiser has thus far raised more than $7k for Dorian Satoshi Nakamoto.
John Law suggests privacy seekers should stay hidden, bitcoin doesn't need Tor and a novel purchase for the Winklenauts.
Newsweek isn't the first publication to try and identity the mystery man. What was so different this time around?
The man Newsweek named as bitcoin inventor Satoshi Nakamoto has denied any involvement with the cryptocurrency.
Newsweek's article has sent tremors through the bitcoin community, drawing a range of reactions – from denial to outrage.