Police raid alleged bitcoin creator's home

The raid, on behalf of Australia's tax office, is not related to stories alleging the creator of bitcoin has been identified

The Australian Federal Police raided the Sydney home on Wednesday of an academic fingered by two technology publications of possibly being the programmer behind the virtual currency bitcoin.

The home belongs to Craig Steven Wright, who was named in stories in Wired and Gizmodo on Tuesday as likely being the elusive Satoshi Nakamoto based on leaked documents.

The raid was conducted on behalf of the Australian Tax Office, which declined to comment. Police said no arrests were made and that the raid was not related to the bitcoin reporting.

But the timing of the raid is likely to add to conspiracy theories around bitcoin, a system that launched in near obscurity in early 2009.

While the cryptocurrency itself has wobbled wildly in value over the years, the technology behind it, referred to as the blockchain, is being evaluated by major banks for use in financial systems.

The identity of bitcoin's creator remains an unsolved mystery. The pseudonym Satoshi Nakamoto is on a nine-page academic paper describing the bitcoin system.

Nakamoto was a consistent contributor to a forum dedicated to bitcoin but withdrew in mid-2010, saying he had moved onto other projects.

The New Yorker, Forbes and Newsweek and many other publications have investigated computing experts and cryptographers who may have had the technical skill to create bitcoin. But no case assembled has ever been definitive, and no person has publicly claimed credit.

From one perspective, unmasking bitcoin's creator is something of a treasure hunt: it's believed whomever created the system probably has as many as 1 million bitcoins that were created early on, which would be worth US$415 million.

The stories published by Wired and Gizmodo rely on a batch of documents given to the publications, which include emails from Wright to a business partner in Florida and documents regarding bitcoin queries with the Australian Tax Office.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?