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Bitcoin's supposed creator reported to have tried to buy gold

Section: Daily Dispatches

Bitcoin Mystery: Sydney 'Founder' Sold $85 Million in Currency for Gold

By Leo Shanahan
The Australian, Sydney
Monday, December 14, 2015

The Sydney businessman outed as the possible creator of Bitcoin paid almost $85 million worth of the digital currency to a controversial business figure to buy gold in an ­attempt to build his business, ­according to a Federal Court claim.

Craig Wright was last week named by prominent IT magazines Wired and Gizmodo as being the possible creator of the online currency Bitcoin -- and therefore potentially worth hundreds of millions of dollars.

In the latest twist to the global cypto-currency mystery, The Australian can reveal that Mr. Wright allegedly made a deal with controversial business figure Mark Ferrier in 2013 to buy gold and software with tens of millions of dollars worth of Bitcoin.

The outing came as Australian Taxation Office officials accompanied by Australian Federal Police last week executed a warrant at Mr. Wright's Sydney home as part of a tax dispute associated with his companies. ...

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