Police Raid Home of Alleged Bitcoin Creator Craig Wright

Police in Australia have raided the home of Craig Wright, the tech entrepreneur who reports suggest may be behind creation of the bitcoin protocol.

Dec 9, 2015 at 6:23 a.m. UTC
Updated Sep 11, 2021 at 12:01 p.m. UTC

Police in Australia have raided the home of Craig Wright, the tech entrepreneur who reports suggest may be one of two individuals behind the creation of bitcoin's protocol.

The Guardian reported that police entered Wright’s home on Wednesday afternoon, hours after the release of two articles, one by Wired and another by Gizmodo, that published information linking the 44-year-old to the digital currency’s anonymous creator Satoshi Nakamoto.

The news outlet indicated 10 police officers visited the house at 1:30pm local time, and that these agents were seen searching cupboards and areas of the garage.

The raid is not related to Wright’s now-suspected role in the digital currency’s creation, according to the media source, which said police have stated it is in connection to an investigation by the Australian Tax Office.

The Australian Federal Police said in a statement obtained by Reuters that the officers' presence at the property is "not associated with the media reporting overnight about bitcoins".

Crime image via Shutterstock

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Morgan Stanley Says NFTs Next to Watch After UST Collapse

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

2
Bitcoin Sees Seven Straight Weeks of Losses For the First Time

Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.

Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.

3
Crypto Hedge Fund Elwood Closes $70M Funding Led by Goldman Sachs and Dawn Capital

Dawn Capital co-led the Series A alongside CommerzVentures, Barclays, Galaxy Digital Ventures and BlockFi Ventures.

Dawn Capital co-led the Series A alongside CommerzVentures, Barclays, Galaxy Digital Ventures and BlockFi Ventures.

4
Australian Tax Office Warns Crypto Investors on Capital Gains Obligations

The rate of capital gains tax on digital assets in Australia is determined by an investor's income tax rate.

The rate of capital gains tax on digital assets in Australia is determined by an investor's income tax rate.