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Dublin: 10°C Saturday 16 October 2021

Police raid home of possible bitcoin founder

The property was searched just hours after reports identified the possible founder of the controversial cryptocurrency.

Federal police officers leave the Sydney property.
Federal police officers leave the Sydney property.
Image: AP

AUSTRALIAN POLICE HAVE raided the Sydney home and business premises of a man that technology news sites have claimed is the founder of virtual currency bitcoin.

A statement from the Australian Federal Police today said the searches were related to a tax investigation and not recent media reports on the virtual currency.

Federal officers and tax officials refused to answer questions as they left the house in a Sydney suburb hauling two black roller suitcases.

Technology publications Wired and Gizmodo published reports this week identifying an Australian businessman as bitcoin’s likely inventor.

Since bitcoin’s birth in 2009, the currency’s creator has remained a mystery.

Last year, American Dorian Prentice Satoshi Nakamoto denied he was the inventor after Newsweek published a 4,500-word cover story linking the currency to him.

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Associated Press

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