A judge in the United Kingdom recently authorized a worldwide freezing order worth £6 million (equivalent to $7.6 million) on the assets of Craig Wright.
This order was issued at the request of the Crypto Open Patent Alliance. This is in order to cover the legal expenses estimated at 8,471,225 dollars, necessary to challenge Wright’s statements regarding his alleged identity as Satoshi Nakamoto.
This decision was motivated by Wright’s transfer of part of these activities outside the British territory. Let’s see all the details below.
The UK court acts to prevent legal expenses evasion in the Craig Wright case
As anticipated, a judge in the United Kingdom has authorized the freezing of Craig Wright’s assets worth 6 million pounds (equivalent to 7.6 million dollars).
This is to prevent him from avoiding the legal expenses related to his claim of being Satoshi Nakamoto, the alleged creator of the Bitcoin network.
This action was taken in response to Wright transferring some of his assets out of the United Kingdom. This move followed a court ruling that refuted Wright’s claims about his identity as Nakamoto.
As a result, Wright transferred the shares of his London-based company, RCJBR Holding, to a company based in Singapore on March 18. This according to the documents of the British court.
Judge James Mellor, in his document, expressly stated that this has raised serious concerns from the Crypto Open Patent Alliance (COPA). Particularly regarding the possibility that Wright was trying to avoid the financial consequences of his legal defeat.
As a result, the judge approved a so-called “worldwide freezing order” on behalf of COPA to help cover COPA’s total legal expenses of $8,471,225 (£6,703,747.91).
Wright, an Australian computer scientist, has used his claims to be Satoshi Nakamoto to advance copyright claims regarding the Bitcoin network.
The COPA filed a lawsuit against Wright in April 2021, challenging his claims and asserting that he is not Nakamoto.
After listening to the testimonies of the first Bitcoin developers like Martti Malmi and others, the judge ruled that the evidence was “overwhelming” in proving that Wright is not Nakamoto.
Craig Wright is not Satoshi Nakamoto
As previously mentioned, the High Court of Justice in London has issued a final ruling declaring that Craig Wright, an Australian computer scientist, is not the enigmatic Satoshi Nakamoto. That is, the alias of the creator of Bitcoin.
The search for Nakamoto’s identity has fascinated the Bitcoin community since its early days, with incessant speculation on who could be the true mind behind the world’s most famous cryptocurrency.
Craig Wright has emerged as one of the main contenders to claim the title of Nakamoto. However, his bold claims have sparked years of debate and ridicule within the Bitcoin community.
Despite his attempts to defend himself through legal actions, Wright suffered repeated defeats and was ultimately challenged by the Cryptocurrency Open Patent Alliance (COPA) in 2021.
During the process, Wright’s legal team has repeatedly challenged the real Satoshi to come forward and refute his claims. Fueling further speculation about the identity of the creator of Bitcoin.
However, the evidence presented by COPA has shown that Wright is not only not Satoshi. But he has also manipulated documents on a large scale, including using ChatGPT to falsify documents.
The court ruling has significant ramifications, not only for Wright, but also for the Bitcoin community as a whole.
Wright cannot continue his legal actions against those who challenge his claim to be Satoshi. It also sets a strong legal precedent against future similar claims.
This marks the end of a long saga in Bitcoin’s history, with Wright failing to prove his identity as Nakamoto and the true creator of Bitcoin remaining a mystery still unsolved.