Satoshi

Core

Satoshi Nakamoto

Uniswap

Bitcoin

A United Kingdom court has approved the freezing of 6.7 million British pounds ($8.4 million) of Craig Wright’s assets to prevent him from evading court expenses.
The decision was made after Wright transferred some of his assets outside of the U.K. after a court verdict debunked his claim to be Satoshi Nakamoto, the founder of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>). According to a U.K. court <a href="https://bitcoindefense.org/wp-content/uploads/2024/03/COPA-v-Wright-WFO-Approved-Judgment-28.03.2024.pdf" target="_blank" rel="noopener nofollow">document</a>,&nbsp;this prompted him to shift shares of his London firm, RCJBR Holding, to a Singaporean entity on March 18. Judge James Mellor stated:
<blockquote data-ct-non-breakable="true">
 “Understandably, that gave rise to serious concerns on COPA’s part that Dr Wright was implementing measures to seek to evade the costs and consequences of his loss at trial.”
</blockquote>
The judge endorsed a “worldwide freezing order” by the Crypto Open Patent Alliance (COPA) to address its total court expenses amounting to 6.7 million British pounds ($8.4 million).
COPA was founded in 2020 “to encourage the adoption and advancement of cryptocurrency technologies and to remove patents as a barrier to growth and innovation.” Its 33 members include Coinbase, Block, Meta, MicroStrategy, Kraken, Paradigm, Uniswap and Worldcoin. 
An Australian computer scientist, Wright falsely claimed he was Nakamoto to file copyright assertions concerning the Bitcoin network. He demanded two websites remove the Bitcoin white paper in January 2021.
Related: <a href="https://cointelegraph.com/news/bitcoin-price-30-day-halving-investment">Bitcoin price retraces 30 days ahead of halving in historical pattern</a>
In April 2021, COPA filed a lawsuit against Wright, contesting his claims. On March 14, Mellor ruled that&nbsp;<a href="https://cointelegraph.com/news/craig-wright-not-satoshi-nakamoto">Wright is not Nakamoto</a>.
In 2023, Wright <a href="https://cointelegraph.com/news/uk-courts-grants-appeal-craig-wright-bitcoin-rights-lawsuit">sued 13 Bitcoin Core developers</a> and a group of companies, including Blockstream, Coinbase and Block, for copyright violations relating to the Bitcoin white paper, its file format and database rights to the Bitcoin blockchain. 
The Bitcoin Legal Defense Fund <a href="https://bitcoindefense.org/our-work/" target="_blank" rel="noopener nofollow">responded</a>, highlighting the trend of abusive lawsuits against prominent Bitcoin contributors, deterring development due to the associated time, stress, expenses and legal risks. Wright <a href="https://cointelegraph.com/news/self-proclaimed-satoshi-craig-wright-files-us-copyright-registrations-for-btc-white-paper">filed for United States copyright registration</a> for the Bitcoin white paper in 2019.
The Bitcoin white paper is now subject to an MIT open-source license, allowing anyone to reuse and modify the code for any purpose.
Magazine: <a href="https://cointelegraph.com/magazine/crypto-bull-run-china-bitcoin-herbert-sim-hall-of-flame/">China will intensify Bitcoin bull run, $1M by 2028: Bitcoin Man, X Hall of Flame</a>

UK court freezes over $8M of Craig Wright’s assets

Cointelegraph

Other articles published on Mar 30, 2024

Bitcoin wallet dormant for 12 years suddenly moves 500 BTC

Bitcoin (BTC) Rally Could Stretch to Eight Months

P2E Cryptos to Buy Now for Passive Income: Scorpion Casino, Poodle Inu, & AXS

Fastest Growing Solana-Based Meme Coin Presale Hits $3.7 Million – Can This New Meme Coin Turn $1...

Litecoin(LTC) Price: Litecoin Surged A Year High With $109; What’s Happening?

XRP Lawsuit: Can Coinbase’s Ruling Catalyze A Reversed Judgement?

Join our free newsletter for daily crypto updates!