Assets Worth $7.4 Million Frozen Amid Bitcoin Creator Trial for Craig Wright
Fearing that Craig Wright might dodge the financial penalties imposed on him following a UK court ruling denying his claim as Bitcoin's creator, a judge has ordered a freeze on a substantial portion of his assets.
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Because Bitcoin
March 30, 2024
Bitcoin
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Fearing that Craig Wright might dodge the financial penalties imposed on him following a UK court ruling denying his claim as Bitcoin's creator, a judge has ordered a freeze on a substantial portion of his assets. A recent Decrypt report further describes that the order, disclosed by the Bitcoin Legal Defense Fund, aims to secure £6 million (approximately $7.4 million) of Wright's assets, amidst an ongoing legal clash with COPA, a Bitcoin developers' group supported by Jack Dorsey.
The freezing order follows Judge James Mellor's decision earlier this month, affirming Wright's disassociation from the pseudonym Satoshi Nakamoto and the Bitcoin whitepaper. COPA's legal fees and concerns over asset dissipation prompted the freeze, especially after Wright transferred shares of his company to a Singapore-based entity. Mellor emphasized the need for a thorough asset disclosure from Wright and hinted at COPA's potential substantial compensation.
However, final payment orders against Wright await his response. COPA has steadfastly contested Wright's claims of being Bitcoin's inventor, labeling them as falsehoods perpetuated through forgery.