• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Craig Wright sentenced to suspended sentence for court order violation

user avatar

by Giorgi Kostiuk

a year ago


Dr. Craig Wright, who claims to be the creator of Bitcoin, has been sentenced to a year in prison, suspended for two years, by a UK court for contempt of court. The sentence will only be enacted if Wright disobeys court orders within this period.

Controversial Lawsuit and Court Ruling

Wright's legal troubles began with an ambitious lawsuit targeting cryptocurrency developers, demanding £900 billion in damages. The primary defendants included Bitcoin Core developers and Square Europe Limited, a subsidiary of Jack Dorsey's Block. The London High Court dismissed this lawsuit in November. The Crypto Open Patent Alliance (COPA) then requested Wright be found in contempt for violating a court order prohibiting him from claiming to be the pseudonymous Bitcoin creator, Satoshi Nakamoto.

Wright's Continued Defiance and Legal Setbacks

Despite the court's ruling, Wright proceeded to file another lawsuit in October, asserting intellectual property rights over Bitcoin and once again claiming he is Nakamoto. COPA called for penalties against Wright for contempt. Judge Mellor ruled that Wright's actions aimed to cause extensive distress to the defendants, noting his claims were based on lies and forgeries intended to mislead.

Wright's Persistent Claims of Being Nakamoto

Over the years, Wright has proclaimed himself to be Satoshi Nakamoto, despite overwhelming evidence to the contrary. Court rulings, including one from a UK court in March 2021, have consistently rejected his claims, stating that Wright is not the creator of Bitcoin.

Despite the ongoing legal defeats and setbacks, Craig Wright continues to assert his narrative of being the Bitcoin creator, while the court views his claims as manipulative attempts to mislead.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Concerns Over Legal Liabilities for Crypto Developers

chest

Recent prosecutions highlight the risks faced by developers in the crypto industry amid ongoing legislative debates.

user avatarNguyen Van Long

Laurore Ltd Surfaces as Major Player in Bitcoin ETF Market

chest

Laurore Ltd has emerged as a significant buyer of BlackRock's iShares Bitcoin Trust, acquiring 8,786,279 shares valued at approximately $337.3 million, raising questions about its identity and motivations.

user avatarSatoshi Nakamura

Citigroup Raises Nvidia Stock Price Target to $270

chest

Citigroup has raised its price target for Nvidia stock to $270, anticipating strong revenue growth and performance in the AI sector.

user avatarJesper Sørensen

Robert Kiyosaki Predicts Market Slide and Advocates for Accumulation

chest

Robert Kiyosaki anticipates a significant market downturn and encourages investors to buy assets like Bitcoin and Ethereum during market panic.

user avatarRajesh Kumar

Legal Challenges Emerge for Crypto Platforms Amid Regulatory Scrutiny

chest

Legal challenges arise for crypto platforms in the US as state regulators take action against unlicensed wagering, leading to disputes over contract classification.

user avatarLucas Weissmann

Simon Dixon Critiques Ripple and XRP's Impact on Bitcoin

chest

Simon Dixon critiques Ripple and XRP for undermining Bitcoin's purpose, describing XRP as a psyop that causes division in the crypto community.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.