UK Royal Courts Declares Self-Proclaimed Bitcoin Inventor’s Claims ‘False’

UK Royal Courts Declares Self-Proclaimed Bitcoin Inventor’s Claims ‘False’
UK Royal Courts Declares Self-Proclaimed Bitcoin Inventor’s Claims ‘False’

UK Royal Courts declare self-proclaimed Bitcoin inventor's claims as

According to a conclusion of the High Court of Justice in London, the claims of Craig Wright, a self-proclaimed inventor of Bitcoin (BTC) and allegedly one of its great whales, in a defamation case have been declared false.

In fact, the Australian computer scientist who claimed to be the mysterious Satoshi Nakamoto had accused a cryptocurrency podcaster and blogger Peter McCormack of libel for stating that Wright was not Satoshi and that his claims of being Satoshi were fraudulent.

According to the August 1 court ruling, Wright’s initial testimony was declared “flatly false in almost all material respects.” The learned judge explained that he had reached a conclusion based on several factors.

These included, among other things, “the extent to which that case – and the evidence in the initial testimony – was later shown to be false; the timing of Dr Wright’s third evidence (…); the vague and unimpressive oral evidence given by Dr Wright in support of his new case at trial; and the lack of an adequate or convincing explanation of the falsity of the original case and evidence.”

Finally, the judge assumed:

“I therefore conclude that Dr Wright’s original case of serious harm, and the evidence supporting it, both of which was sustained until days before the trial, were deliberately false.”

Meanwhile, McCormack expressed his gratitude for the verdict on Twitter:

Controversy behind the self-styled Bitcoin architect

In June 2021, Ethereum (ETH) founder Vitalik Buterin accused Wright of impersonating the anonymous founder of the largest cryptocurrency, comparing him to former US President Donald Trump and daring his lawyers to sue him.

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In mid-March 2022, Wright was forced to pay $43 million to a joint venture he co-founded when a federal court convicted him of illegally taking intellectual property belonging to the business, Finbold reported.

More recently, Wright went public with claims that he planned to eventually sell his purported supply of 1.1 million Bitcoins, which is currently worth close to $25.39 billion, according to CoinMarketCap data.

Such announcements caused fears of a market crash, especially as Wright previously declared his intention to launch a 51% attack on the network.

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