British judge freezes $7,600,000 of Craig Wright's assets after ruling he is not the founder of Bitcoin
A British judge is freezing computer scientist Crag Wright's $7.6 million assets after ruling that he is not Satoshi, the pseudonymous creator of Bitcoin (BTC).
New court documents reveal the judge ordered a global freeze on Wright's assets, worth over £6 million, to prevent him from avoiding court costs.
According to the judge, Wright could move his assets to Singapore to avoid legal costs. As the judge noted in court documents,
“On Monday, March 18th, Dr. Wright filed a form with Companies House in relation to his company RCJBR Holding PLC, informing Companies House that his shares in RCJBR had been transferred to DeMorgan PTE, a company incorporated under the laws of Singapore.
Understandably, this raised serious concerns within COPA (Cryptocurrency Open Patent Alliance) that Dr. Wright is taking steps to avoid the cost implications of his loss at trial.”
In addition, the judge points to past cases in which Wright failed to make payments imposed on him, including a $140 million court debt in the United States and nearly $400,000 in Norway.
Earlier this month, Wright was sued by COPA, a nonprofit cryptocurrency advocacy group, for claiming to be the pseudonymous creator of BTC. At the time, the judge ruled that there was “overwhelming evidence” that Wright was in fact neither Satoshi nor the author of the BTC white paper, Bitcoin’s original thesis from 2008.
After COPA won in court, it released a statement saying:
“This decision is a win for developers, for the entire open source community and for the truth. For over eight years, Dr. Wright and his backers lied about his identity as Satoshi Nakamoto and used this lie to harass and intimidate developers in the Bitcoin community.
This ends today with the court ruling that Craig Wright is not Satoshi Nakamoto.”
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Featured image: Shutterstock/robertedit949/Natalia Siiatovskaia
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