Craig Wright, self-proclaimed Bitcoin creator, declared in contempt of court
2 mins read

Craig Wright, self-proclaimed Bitcoin creator, declared in contempt of court

A man claiming to be the creator of Bitcoin (BTC) has been found in contempt of court in the UK.

Australian computer scientist Craig Wright has received a one-year suspended sentence for filing a $1.2 trillion lawsuit against the payments firm Block.

The judge stated that Wright had violated a previous court order intended to prevent him from initiating further legal actions. The suspended sentence means that Wright will avoid imprisonment if he meets certain conditions and does not commit another offense. However, the judge acknowledged that Wright is currently residing abroad in Asia and may not be under the court’s jurisdiction.

Earlier this year, a UK judge determined that there was “overwhelming evidence” proving that Wright is not Satoshi Nakamoto or the author of the Bitcoin white paper. This ruling came after Wright was sued by the nonprofit crypto advocacy group Cryptocurrency Open Patent Alliance (COPA) for filing baseless lawsuits against Bitcoin developers.

In November, COPA alleged that Wright had violated an injunction by suing Twitter founder Jack Dorsey’s payments firm. The injunction was put in place to prevent Wright from filing lawsuits related to BTC on the grounds that he is Satoshi. Following a hearing on Wednesday, Judge James Mellor found Wright guilty of contempt of court and imposed a suspended one-year sentence, dismissing the lawsuit against Block. Wright has expressed his intention to appeal the verdict.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook, and Telegram

Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.

Leave a Reply

Your email address will not be published. Required fields are marked *