‘Bitcoin founder’ Craig Wright ‘paid $85m’ worth of the cybercurrency for gold …

The suspected founder of cybercurrency Bitcoin claimed he used nearly $85 million worth of the currency to buy gold and software based on advice from businessman Mark Ferrier.

Sydney academic and supposed Bitcoin creator Craig Steven Wright, who is said to use a Japanese pseudonym, allegedly struck a deal with former mining contractor Mark Ferrier in 2013 and planned to use the gold to build his business, The Australian reported.

But the alleged deal fell through, prompting Dr Wright to sue Mr Ferrier for $84.25 million in the Federal court, but the claim was dropped in 2014.

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Australian academic Craig Steven Wright, who has been named as the probable creator of digital currency Bitcoin in a new report

Australian academic Craig Steven Wright, who has been named as the probable creator of digital currency Bitcoin in a new report

Since it was launched in January 2009, the value of the bitcoin currency has ballooned to almost $US5bn

Read more ... source: TheBitcoinNews

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