Australian police raid home of alleged ‘founder’ of Bitcoin

Sydney police have raided the home of an Australian tech entrepreneur, believed to be one of the early developers of the cryptocurrency, Bitcoin.

More than ten police officers arrived at the house of Craig Steven Wright in the Sydney suburb of Gordon at around 1:30pm., Wednesday. Two police staff wearing white gloves could be seen from the street searching cupboards and surfaces of the garage.

Hours earlier, Wright was named as the subject of the investigations by Gizmodo and Wired, based on leaked transcripts of legal interviews and files. Both publications have indicated that they believe Wright to have been involved in the creation of cryptocurrency.

However, the Australian Federal Police said in a statement that the raids were not related to the bitcoin claims, rather the raid is in connection with an investigation by the Australian Tax Office.