Craig Wright Lied About Creating Bitcoin And Faked Evidence, Judge Rules
May 21, 2024
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Accused of forging evidence, Craig Wright's claim as Bitcoin creator debunked by UK judge, leading to dismissal of lawsuits. Legal ramifications for Bitcoin Satoshi Vision (BSV) and potential copyright threats discussed.
Craig Wright's claims of being Satoshi Nakamoto were proven false, leading to a UK court ruling against him.
The judgment limits Craig Wright's legal actions in the UK and impacts his attempt to claim IP rights over Bitcoin.
Deep dives
UK High Court Rules Against Craig Wright's Claim to be Satoshi Nakamoto
A UK High Court judge ruled that computer scientist Craig Wright engaged in extensive lying and forgery in his attempt to prove he is Satoshi Nakamoto, the creator of Bitcoin. The judgment concluded a civil lawsuit brought by the crypto open patent alliance (COPA) against Wright, with the court finding that Wright's claims were false and fanciful. Wright was faced with documents indicating forgery during cross-examination, leading to a swift verdict that he is not Satoshi Nakamoto.
Implications of the Ruling on Craig Wright's Legal Pursuits and Bitcoin Satoshi Vision
Following the court ruling that Craig Wright is not Satoshi Nakamoto, he abandoned multiple lawsuits related to his claim. The judgment prevents Wright from bringing further lawsuits in the UK, impacting his attempt to claim IP rights over Bitcoin. The ruling also had consequences for Bitcoin Satoshi Vision (BSV), a cryptocurrency network created by Wright, causing a 40% drop in the BSV token's price. While the judgment limits Wright's legal actions in the UK, the global impact remains uncertain, with questions raised about his future claims and funding sources.
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Judicial Ruling on Craig Wright's Deceptive Claims about Bitcoin Creatorship
A UK judge has determined that Craig Wright forged evidence in a campaign to prove he is Satoshi Nakamoto, creator of Bitcoin, in a move that prevents him from bringing further lawsuits in the country.