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

Utworzony 7mo | 18 gru 2024, 20:10:06


Zaloguj się, aby dodać komentarz

Inne posty w tej grupie

PBS chief Paula Kerger warns public broadcasting could collapse in small communities if Congress strips federal funding

As Congress moves to make massive cuts to public broadcasting this week, Paula Kerger, president and CEO of the Public Broadcasting Service (PBS), gives an unflinching look at the organization’s f

9 lip 2025, 14:30:04 | Fast company - tech
These personality types are most likely to cheat using AI

As recent graduates proudly showcase their use of ChatGPT for final projects, some may wonder: What kind of person turns to

9 lip 2025, 14:30:04 | Fast company - tech
Samsung fixed everything you hated about foldable phones—except the price

Just over a month ago, Samsung did something strange to start hyping up its next foldable phone announcements.

Those phones, which Samsung revealed today, are officially called the Samsu

9 lip 2025, 14:30:04 | Fast company - tech
Tesla stock is tanking. Could shareholders fire Elon Musk?

It’s not a great time to be a Tesla shareholder. While the stock was up 2.5% in midday trading on Tuesday, July 8, it remains down for the month and has

9 lip 2025, 12:10:05 | Fast company - tech
‘The /r/overemployed king’: A serial moonlighter was exposed for holding 19 jobs at Silicon Valley startups

A software engineer became X’s main character last week after being outed as a serial moonlighter at multiple Silicon Valley startups.

“PSA: there’s a guy named Soham Parekh (in India) w

8 lip 2025, 22:20:04 | Fast company - tech
Texas flood recovery efforts face an unexpected obstacle: drones

The flash floods that have devastated Texas are already a difficult crisis to manage. More than 100 people are confirmed dead

8 lip 2025, 17:40:02 | Fast company - tech