High Court Rejects Craig Wright's Satoshi Nakamoto Claim, Freezes $7.6M Assets

May 21, 2024
High Court Rejects Craig Wright's Satoshi Nakamoto Claim, Freezes $7.6M Assets
  • On May 21, 2024, the High Court of London decisively rejected Dr. Craig Wright's claims of being Bitcoin creator Satoshi Nakamoto.

  • Justice Mellor found Wright guilty of extensive deception and forgery, including falsely claiming authorship of the Bitcoin White Paper.

  • The case, brought by US software developers, revealed forged documents and deceptive behavior from Wright.

  • Expert witnesses highlighted anachronistic metadata and inconsistencies in Wright's submissions.

  • The judgment concluded that Wright's claims were fraudulent and lacked genuine evidence, criticizing his arrogance and history of litigation.

  • The ruling is a significant victory for the Crypto Open Patent Alliance (COPA), which aims to protect Bitcoin developers from Wright's litigation.

  • As a result of the ruling, $7.6 million of Wright's assets were frozen, with COPA potentially recovering substantial costs.

  • Internal discord at Wright's cryptocurrency firm nChain has disrupted company dynamics, with some employees challenging his Nakamoto claim.

  • The legal battle follows previous doubts about Wright's credibility in 2016 and a 2019 judgment revealing his late partner's ownership of half of Wright's mined coins.

  • Wright plans to appeal the decision, while the true identity of Nakamoto remains a mystery, likely representing a collaborative effort in creating Bitcoin.

  • Injunctive relief will be determined in a future hearing.

  • The ruling was welcomed by COPA as a victory for the open-source community, allowing developers to work on the Bitcoin network without fear of litigation from Wright.

Summary based on 9 sources


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