A British judge has frozen computer scientist Cragg Wright's assets worth $7.6 million after ruling that he is not Satoshi, the pseudonymous creator of Bitcoin (BTC).
New court documents reveal that a judge has ordered a worldwide freeze of more than £6m of Mr Wright's assets as a means of avoiding court costs.
Mr Wright may move his assets to Singapore as a way to avoid legal costs, the judge said. As the judge stated in court documents:
“On Monday, March 18, Dr. Wright filed a document with Companies House relating to the company RCJBR Holding PLC, stating that the shares in RCJBR were transferred to DeMorgan PTE, a company organized under the laws of the United States. Companies House has been notified. Singapore.
Understandably, this raised serious concerns on the part of COPA (Cryptocurrency Open Patent Alliance), which said Dr. Wright was taking steps to try to avoid the cost implications of losing the case. ”
The judge also cited past instances in which Wright has failed to make ordered payments, including owing judgment debts of $140 million 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 creator of BTC's pseudonym. At the time, a judge ruled that there was “overwhelming evidence” that Wright was not actually Satoshi or the author of the BTC White Paper, the original paper on Bitcoin written in 2008. I put it down.
After winning in court, COPA released the following statement:
“This decision is a victory for developers, the entire open source community, and the truth. For over eight years, Dr. Wright and his financial backers lied about his identity as Satoshi Nakamoto and He has used lies to bully and intimidate developers in the Bitcoin community.
It ends today with a court ruling that Craig Wright is not Satoshi Nakamoto. ”
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Featured image: Shutterstock/robertedit949/Natalia Siiatovskaia
