Alleged bitcoin founder attempted to buy gold, software with bitcoin

Posted On 14 Dec 2015

Tag: Australian police, Bitcoin founder, Craig Wright, Mark Ferrier

Last week, Australian police raided the home of alleged bitcoin founder Craig Wright. This week, it was discovered that Wright used bitcoin to buy gold and software, SiliconANGLE reported.

The site reported that Wright attempted to use bitcoin to purchase gold and software worth $60.7 million from a man named Mark Ferrier. The deal was not seen through, as Wright sued Ferrier in the Australian Federal Court.

This story comes not long after Gizmodo and Wired published stories suggesting that Wright is the creator of bitcoin. Australian police claimed last week’s raid wasn’t related to bitcoin. The Guardian quoted a police statement that said the search was to help the Australian Taxation Office. Wrights offices were also searched, according to Reuters reporter Jane Wardell.

Image credit – Public domain image by Web-dev-chris

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Carlo is a copywriter with experience covering a variety of industries including cryptocurrencies, oilfield drilling and video gaming. In his free time, Carlo enjoys collecting records, getting destroyed at Team Fortress 2 and parosing sites like Reddit, absorbing what the internet has to offer.