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Craig Wright Engages Bitcoin Core in New Legal Conflict

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2 hours ago

Craig Wright has filed a new lawsuit against Bitcoin Core developers after the UK High Court dismissed his claims to be the creator of Bitcoin.

Craig Wright's New Lawsuit

Craig Wright has initiated another legal battle, this time targeting Bitcoin Core developers. In his lawsuit filed in the London High Court’s Chancery Division, Wright alleges that Bitcoin Core developers misrepresented Bitcoin Cash (BTC) as the original Bitcoin, asserting that Bitcoin SV (BSV) is the true version aligned with Nakamoto’s original vision.

Claims and Allegations

Wright is seeking a staggering amount of £911,050,000,000, approximately $1.18 billion, based on the market valuation differences between BTC and BSV. He argues that updates such as SegWit and Taproot misrepresent Bitcoin's intended design, creating confusion among investors about Bitcoin's core attributes.

Reactions and Implications

The cryptocurrency community has expressed skepticism about Wright's claims. Prominent figures like Hodlonaut, who won a defamation case against Wright in Norway, criticized the lawsuit as 'delusional legal antics'. The Coalition of Bitcoin Developers also believes this legal action is destined to fail.

The legal landscape surrounding Craig Wright remains contentious, with his latest lawsuit expected to further polarize opinions in the cryptocurrency community.

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