Bitcoin's self-proclaimed founder backtracks

May 05, 2016 11:47 pm | Updated November 17, 2021 01:52 am IST - NEW YORK

Australian entrepreneur Craig Wright, the man who came forward this week as Bitcoin’s founder, is backtracking. He wrote in a blog post that he does not “have the courage” to publish additional proof, as promised, that he is the elusive creator of the currency.

Mr. Wright, on Wednesday, said that he would provide additional proof to back his assertion, which drew widespread scepticism. Instead, he scrubbed his blog clean of the past entries and posted a short statement titled, “I’m Sorry.”

Mr. Wright didn’t explicitly withdraw his claim to be Satoshi Nakamoto, Bitcoin’s mysterious founder; he wrote that he thought he could “put the years of anonymity and hiding behind me.” But as this week’s events unfolded, he wrote that he is “not strong enough for this.”

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