Police raid home of rumoured Bitcoin founder

Just minutes later, the Gizmodo website wrote that its month-long investigation “has uncovered compelling and perplexing new evidence in the search for Satoshi Nakamoto, the pseudonymous creator of bitcoin”.

For those wondering Wired magazine had hours before the raid outed Wright as this likely real identity of Satoshi Nakamoto and creator of the bitcoin technology and currency.

Police said that the raid on Craig Steven Wights properties in Sydney were related to tax as opposed to bitcoin.

Here’s an explanation of what bitcoins are, how exchanges work. Police said no arrests were made and that the raid was not related to the bitcoin reporting. He has been a shareholder and director in a range of other enterprises, the ASIC database shows.

He founded DeMorgan as a research firm “focused on alternative currency, next generation banking and reputational and educational products with a focus on security and creating a simple user experience”.

Calls to the company went unanswered.

One of Kleiman’s business partners, Patrick Paige, told Gizmodo that Wright had admitted at first that Kleiman invented Bitcoin, and then clarified that a group of people had invented it, Kleiman among them.

Wright, his partner, and children were not seen within the vicinity of the house.

A man who identified himself as the owner of the house, Garry Hayres, told Reuters that Wright and his family had lived there for a year, and were due to move out on December 22 to move to Britain.

“He has his computer running quite often”, said a teenage neighbor, who declined to give his name. “He was a bit weird”. Republication or redistribution of content provided by EconoTimes is expressly prohibited without the prior written consent of EconoTimes, except for personal and non-commercial use.

The documents published on Gizmodo have not been independently verified by the ABC, and while they don’t necessarily prove that Dr Wright is the creator of bitcoin, in his own words he has been involved with the digital currency for a long time.

“It certainly makes sense”, said Guzowski.

Whoever is behind the currency is also thought to be sitting on huge riches.

Another company listed by Mr. Wright on LinkedIn, Hotwire Preemptive Intelligence Pty Ltd., is in the hands of McGrathNicol, which manages companies facing insolvency.

“I asked him how many Bitcoin he had and he said enough to buy a pizza”. Within the Bitcoin community it is well known that the first ever purchase with the currency was a pizza.

David Moskowitz, Singapore-based founder of start-up Bitcoin Brokerage, said knowing who Nakamoto was would be significant “because people are looking for a core voice behind (bitcoin)”.

The mysterious founder of bitcoin, the popular online cryptocurrency, may have finally been identified. However the man it named, Dorien Nakamoto, unconditionally denied Newsweek’s claim, and subsequently sued the publication.

A series of archived blogposts, old emails, other evidence and a supposed admission from Wright, crossing the Wired and Gizmodo reports, suggest Wright, a technology entrepreneur and computer scientist.