The UK High Court decisively rejected Craig Wright's claims to be Bitcoin creator Satoshi Nakamoto.

Justice James Mellor stated that Wright lied extensively and committed forgery on a grand scale.

Wright engaged in deliberate fraud and abuse of the court process, using forged documents to support false claims.

The court ruling favored the Crypto Open Patent Alliance (COPA), exposing Wright's deceitful behavior.

Wright has abandoned multiple lawsuits related to his Bitcoin claims following the ruling.

COPA hailed the ruling as a win for truth and the open-source community, emphasizing transparency and integrity in the crypto industry.

Wright could potentially face perjury charges, marking the end of his disruptive influence in the crypto industry.

The true identity of Satoshi Nakamoto remains unknown, reaffirming Bitcoin's decentralized nature.

At the time of the ruling, Bitcoin was trading at $67,047.