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UK court freezes Craig Wright's $7.6 million assets 🛑💰

UK court freezes Craig Wright’s $7.6 million assets 🛑💰

The Block v. Craig Wright: Crypto Alliance Wins Legal Battle

In a recent legal battle, a UK judge ruled in favor of the Crypto Open Patent Alliance (COPA) against Craig Wright, a controversial figure in the crypto community.

Judge Approves ‘Worldwide Freezing Order’

  • The judge approved a ‘worldwide freezing order’ on behalf of COPA to cover court costs.
  • The court costs amounted to $8,471,225.
  • Judge James Mellor expressed confidence in COPA as the winning party.

Background on Craig Wright’s Claims

  • Craig Wright, an Australian computer scientist, had claimed to be Satoshi Nakamoto.
  • He used these claims to assert copyright over aspects of the Bitcoin network.
  • He even requested websites to take down the Bitcoin whitepaper.

COPA’s Legal Challenge

COPA sued Craig Wright, challenging his assertions of being Satoshi Nakamoto and claiming copyright over Bitcoin.

Key Testimonies

  • Early Bitcoin developers, including Martti Malmi, provided testimony against Wright.
  • The judge ruled that overwhelming evidence demonstrated Wright was not Satoshi Nakamoto.

Hot Take: The Crypto Community Prevails

In a significant victory for the crypto community, COPA emerges victorious in a legal battle with Craig Wright, underscoring the importance of credibility and transparency in the industry.

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UK court freezes Craig Wright's $7.6 million assets 🛑💰