Categories: MarketsMenafn

London Court Rules Craig Wright Not Satoshi Nakamoto

The High Court in London declared that Australian computer scientist Craig Wright was not Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, according to a ruling on Thursday.

The ruling came from Judge James Mellor after the Crypto Open Patent Alliance (COPA) initiated a legal battle against Wright to prevent him from suing Bitcoin developers under the claim that he was the creator of digital currency. 

COPA, a consortium that includes Jack Dorsey’s Block, among others, filed the lawsuit to safeguard the open-source nature of Bitcoin. This move came in response to Wright’s long-standing assertion that he authored the 2008 Bitcoin white paper, a claim that has been met with widespread skepticism within the cryptocurrency community.

Trial Details and Accusations

During the trial, which spanned six weeks, Wright faced accusations of fabricating evidence to support his claim. COPA’s legal representative, Jonathan Hough, criticized Wright’s actions as constituting “forgery on an industrial scale” and labeled his claim as “an elaborate false narrative.” Despite Wright’s denial of these accusations, the evidence presented led Judge Mellor to conclude that Wright is not the creator of Bitcoin.

COPA’s case also revealed Wright’s alleged misuse of legal threats based on his claim, aiming to stop him from asserting his identity as Nakamoto. This includes Craig Wright’s history of litigation against developers and others in the crypto space, accusing them of infringing on his intellectual property rights.

The court’s decision is expected to end Wright’s claims of being Satoshi Nakamoto, providing clarity on a matter that has been a subject of intense debate for years. 

The MIT open-source license has been applied to the Bitcoin white paper, which means that anyone can use and modify the code for their own purposes. Additionally, a court injunction has been put in place to prevent Wright from making any further copyright claims on the paper.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Arbitrum Testnet Goes Live on Zeta Blockchain: Details

ZetaChain, described as the world’s first universal blockchain, has officially launched support for the Arbitrum…

1 day ago

BNB Chain’s Pascal Hard Fork Set for March 20: A Leap Towards Ethereum Compatibility and Smart Contract Wallets

BNB Chain is preparing for one of its most significant upgrades yet, with the Pascal…

2 days ago

Seismic Secures $7M in Funding Led by a16z Crypto

Seismic, an emerging encrypted blockchain developer, has successfully raised $7 million in a funding round…

2 days ago

Avon River Ventures Clarifies Forward-Looking Valuation Basis of Edgewater Wireless System Inc’s IP Portfolio

Industry-Leading IP Valuation Firm Highlights Key Assumptions Behind Its Assessment Las Vegas, NV, 6th March…

3 days ago

drovi Unveils AI-Powered Networking and Event Management Platform, Expands into GCC and MENA

Doha, Qatar, March 6, 2025, ZEX PR WIRE, drovi, an innovative AI-driven networking and event…

3 days ago

Japan’s Ruling Party Proposes Massive Crypto Tax Cut

Japan’s ruling Liberal Democratic Party (LDP) has unveiled a proposal to dramatically reduce the tax…

3 days ago