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Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

theguardian.com

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Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

#81

Post by robzyb »

sr_banksy wrote: post #71

So... this was a tax raid? Quite a harsh response, considering the rules were drafted 12months ago... What are the money laundering measures that caused Aussie banks to disown Bitcoin? Maybe that could shed light on the motivations behind the raid?

> So... this was a tax raid? Quite a harsh response, considering the rules were drafted 12months ago...

You're making very ambitious assumptions that the tax raid is related to the rules that were drafted 12 months ago.

I'd bet significant sums of money that he isn't in trouble for creating bitcoin. Its more likely to be some other action he has done, possibly with bitcoin.

Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

#82

Post by lukedev »

sr_banksy wrote: post #71

So... this was a tax raid? Quite a harsh response, considering the rules were drafted 12months ago... What are the money laundering measures that caused Aussie banks to disown Bitcoin? Maybe that could shed light on the motivations behind the raid?

Might be more of a risk management move than anything regarding Australian legislation. AUSTRAC (in charge of supervising compliance of the The Anti-Money Laundering and Counter-Terrorism Financing Act) put out a release in September regarding the closure of bank accounts: http://www.austrac.gov.au/media/media-releases/statement-bit...

Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

#85

Post by imron »

AKifer wrote: post #79
hhandoko wrote: post #76

Earlier quoted context omitted.

From what I read on other sources, he is under investigation for tax issues by the ATO for a number of years now. Perhaps the ATO felt they need to move quickly when news broke out (suggesting he is the BitCoin creator), to secure his assets before they are transferred / moved.

I doubt that this [very] clever person would put his bitcoins at risk of a seizure at his/her home

True, however I don't doubt that there are [very] stupid people who think it would be a good idea to break in to his house to steal hard-drives/computers in case they have bitcoins on them.

And it looks like the ATO doesn't doubt that either and wants to protect evidence from its ongoing investigation.

Re: Reported Bitcoin 'founder' Craig Wright's home raided by Australian police

#88

Post by AlexMuir »

tim333 wrote: post #68

The guy introducing himself - seems quite plausible https://www.youtube.com/watch?v=LdvQTwjVmrE&feature=youtu.be...

This guy is sending my bullshit detector off the charts.

I'll bet that the story here will turn out to be that he's built a backstory around being Satoshi in either an attempt to get famous, or some fraudulent scheme to profit from it.

On reading the tax stuff, I'm wondering if he's told the Australian Tax authorities that he is Satoshi.

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