Mere days after publicly blogging that he created bitcoin under an alias (“Satoshi Nakamoto”), a 45-year-old Australian entrepreneur named Craig Wright has admitted that he’s a fraud, or at least is unable to prove his claim.
The original post taking credit for the cryptocurrency has been removed, and a new one has appeared in which Dr. Wright says: “When the rumors began, my qualifications and character were attacked. When those allegations were proven false, new allegations have already begun. I know now that I am not strong enough for this.”
He then apologizes and bids adieu, indicating that he’d like to maintain a private existence henceforth.
The financial world has been abuzz ever since the initial blog, as it’s been a long-unsolved and much-speculated topic. Wired and Gizmodo had both speculated in 2015 that Wright may be the creator. This year, Wright approached three media outlets – the BBC, the Economist and GQ, to reveal his identity. He included technical information that was supposed to prove his claims, but some experts were skeptical and were not able to access the data he promised.
Wright also indicated at first that he was reluctant to come forward, but that he felt he had to as his family and colleagues were being hounded by media. “I have not done this because it is what I wanted. It’s not because of my choice,” he wrote.
Bitcoin’s true creator, identity unknown, is believed to have accumulated at least one million bitcoins. If converted to cash, the net worth of such a fortune would be roughly $450m.