A UK judge has issued a worldwide asset freezing order against Craig Wright, the self-proclaimed creator of Bitcoin, following a ruling that he falsely claimed to be Satoshi Nakamoto. The order effectively blocks £6 million of Wright’s assets and prevents him from transferring them offshore. The ruling stems from a court case initiated by the Crypto Open Patent Alliance (COPA), which challenged Wright’s claims of being the creator of Bitcoin. The judge noted Wright’s history of defaulting on payment orders and expressed concerns that he may dissipate his assets to avoid meeting financial obligations.
In a ruling rendered on March 14, the judge debunked Wright’s assertions and determined that he did not author the Bitcoin white paper or the initial versions of the Bitcoin software. Wright attempted to transfer shares of his company to a Singapore-based entity following the court’s decision, raising concerns that he was trying to evade financial consequences. The judge acknowledged COPA’s claim for substantial costs and issued the asset freezing order to prevent asset dissipation. The ruling that Craig Wright is not Satoshi Nakamoto came at the conclusion of closing arguments in the lawsuit brought by COPA against Wright.
The case brought forward extensive allegations of document forgery against Wright, claiming that he fabricated evidence to support his claims of being the Bitcoin founder. COPA’s closing submission highlighted Wright’s alleged deception, stating that he invented a false biographical history and produced forged documents to substantiate his claims. The evidence presented during the trial painted a picture of Wright’s alleged falsehoods on an “extraordinary scale.” Additionally, a recent investigation suggested that Satoshi Nakamoto may actually be a collective entity, based on the usage of both “we” and “I” in the Bitcoin white paper.
The judge’s decision to issue a worldwide asset freezing order against Craig Wright aimed to prevent him from evading court orders and dissipating his assets to avoid financial obligations. Wright’s attempt to transfer shares of his company raised concerns that he was trying to escape the costs associated with the court ruling. The ruling that Wright is not Satoshi Nakamoto came as a result of extensive evidence presented in the trial, including allegations of document forgery and deception on an “extraordinary scale.” The case brought by COPA against Wright sought injunctive relief to prevent him from continuing to make false claims of being the creator of Bitcoin.
The ruling by the UK judge against Craig Wright was in response to the court case initiated by the Crypto Open Patent Alliance, which challenged Wright’s claims of being Satoshi Nakamoto. The judge’s decision to issue a worldwide asset freezing order aimed to prevent Wright from dissipating his assets and evading financial obligations. The evidence presented during the trial suggested that Wright had engaged in document forgery and deception to support his claim of being the Bitcoin founder. Additionally, a recent investigation indicated that Satoshi Nakamoto may actually be a collective entity, casting further doubt on Wright’s claims.
