blog Wow, things are certainly escalating fast on this topic. It was only this morning that Gizmodo and Wired revealed that Australian academic and cryptologist Craig Steven Wright may be the real name of ‘Satoshi Nakamoto’, the mysterious founder of the Bitcoin platform. This afternoon, The Guardian reported that police had raided Wright’s home in Sydney on the basis of an investigation by the Australian Taxation Office. The media outlet reports (we recommend you click here for the full article):
“On Wednesday afternoon, police forced open a home belonging to Craig Wright, who had hours earlier been identified in investigations by Gizmodo and Wired, based on leaked transcripts of legal interviews and files. Both sites have indicated that they believe Wright to have been involved in the creation of the cryptocurrency.
Guardian Australia understands the raids are not related to the claims surrounding Wright being involved in the creation of bitcoin, but are related to an Australian Tax Office investigation.”
Not much information is available about this situation at the moment, but it appears likely that the ATO would have an interest in whether Wright is, in fact, a billionaire. If the Australian did indeed found Bitcoin, it is likely he is sitting on a stash of Bitcoins worth more than $1 billion. It appears very likely that the ATO would be interested in determining whether he is actually paying tax on that huge capital gain.