Self-proclaimed bitcoin inventor Craig Wright faces contempt of court in $1.2 trillion lawsuit

An Australian computer scientist who claimed he invented bitcoin was on Friday accused of contempt of court after he filed a 911 billion-pound ($1.18 trillion) lawsuit against Twitter founder Jack Dorsey‘s payments firm Block in Britain.

Craig Wright claimed to have been the author of the foundational text of bitcoin published under the pseudonym “Satoshi Nakamoto”. But a court found that there was “overwhelming evidence” that Wright did not write the 2008 text.

The Crypto Open Patent Alliance took legal action against Wright to stop him suing bitcoin developers. After a trial at London’s High Court, a judge said in a written ruling in May that Wright lied “extensively and repeatedly” and forged documents “on a grand scale”.

The judge in July referred Wright to Britain’s Crown Prosecution Service to consider whether he should be prosecuted for perjury. He also made an injunction preventing Wright from bringing any litigation on the basis of his claim to be Satoshi.

Wright is appealing against the ruling and a decision on whether he can bring an appeal has not yet been made. He denied forging documents when he gave evidence in February.

COPA’s lawyer Jonathan Hough said at a preliminary hearing on Friday that Wright was in breach of the injunction having filed a lawsuit against Square Up Europe Limited, which is ultimately owned by Block, earlier this month.

Wright was not legally represented and appeared at the hearing by videolink from Singapore, Hough said.

“I do not believe I am in contempt,” Wright said. He added that, if he was found to be in contempt of court, he was willing to amend his lawsuit to make clear the case had “nothing to do with the ownership of the creation of the system”.

A hearing to determine whether Wright is in contempt will be heard in December. Wright’s lawsuit against Block was put on hold in the meantime.

(This Nov. 1 story has been corrected to change the figure to 911 billion, not 911 million, in the headline and paragraph 1)

—Sam Tobin, Reuters

https://www.fastcompany.com/91249320/craig-wright-bitcoin-inventor-contempt-of-court-uk-lawsuit?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Létrehozva 7mo | 2024. dec. 18. 20:10:06


Jelentkezéshez jelentkezzen be

EGYÉB POSTS Ebben a csoportban

GameStop’s Nintendo Switch 2 stapler sells for more than $100,000 on eBay after viral mishap

From being the face of memestock mania to going viral for inadvertently stapling the screens of brand-new video game consoles, GameStop is no stranger to infamy.

Last month, during the m

2025. júl. 11. 12:50:04 | Fast company - tech
Don’t take the race for ‘superintelligence’ too seriously

The technology industry has always adored its improbably audacious goals and their associated buzzwords. Meta CEO Mark Zuckerberg is among the most enamored. After all, the name “Meta” is the resi

2025. júl. 11. 12:50:02 | Fast company - tech
Why AI-powered hiring may create legal headaches

Even as AI becomes a common workplace tool, its use in

2025. júl. 11. 12:50:02 | Fast company - tech
Gen Zers are posting their unemployment era on TikTok—and it’s way too real

Finding a job is hard right now. To cope, Gen Zers are documenting the reality of unemployment in 2025.

“You look sadder,” one TikTok po

2025. júl. 11. 10:30:04 | Fast company - tech
The most effective AI tools for research, writing, planning, and creativity

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. 

2025. júl. 11. 10:30:04 | Fast company - tech
Tesla sets annual meeting for November amid shareholder pressure

Tesla has scheduled an annual shareholders meeting for November, one day after the

2025. júl. 10. 20:40:02 | Fast company - tech