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