Craig Wright, the controversial figure who claims to be Bitcoin’s creator, faced a significant legal setback this week. The High Court in London found him in contempt for breaching court orders to cease legal actions against Bitcoin developers. Justice James Mellor’s decision, released overnight Australian time, highlighted Wright’s defiance of earlier directives.
Wright was ordered to halt his lawsuits, yet persisted, allegedly issuing intellectual property claims exceeding $1.8 trillion. As a result, Wright received a 12-month suspended prison sentence and must pay $290,000 in legal costs within two weeks. Any further legal actions on Bitcoin’s intellectual property could lead to his imprisonment. Notably, Wright still has three pending lawsuits of this nature.
In May, the London courts concluded that Wright is not Satoshi Nakamoto, the enigmatic creator of Bitcoin, who holds over one million Bitcoin—worth approximately $150 billion. Despite this ruling, Wright has continued to assert his claim since 2016, which critics argue is a publicity stunt to engage his supporters.
Representing himself via video link, Wright declined to disclose his location, though court documents suggest he was in Singapore or Indonesia. He has lost the right to appeal the May decision but plans to challenge this latest ruling.
The courts previously dismissed Wright’s evidence as “technobabble” forgeries, undermining his claims to Bitcoin’s invention.
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