UK Court Denounces the Self-Proclaimed Bitcoin Investor

Craig Steven Wright, a man claiming to be the Father of Bitcoin, Satoshi Nakamoto, was not able to defend his claim.

UK Court Denounces the Self-Proclaimed Bitcoin Investor

Craig Wright, a Bitcoin investor, was claiming to be the mysterious Bitcoin inventor, Satoshi Nakamoto. The popular crypto blogger and podcaster Peter McCormack had accused Craig of impersonation of the Bitcoin creator in one of his labels. Craig Wright, an Australian computer scientist later tried suing Peter for defamation.

As of August 1st, the court ruled out that Wright’s 1st witness’s statement was declared false. The ruling judge Mr. Justice Chamberlain explained his conclusion of the case, which was established on several matters. They included the falsehood of the evidence and the late time of the evidence provided by Dr. Wright. Additionally, the lack of sufficient nor convincing explanation for the case evidence was only stacking to the judgment.

McCormack gave his opinion about the judgment on Twitter:

Earlier in June, Vitalik Buterin, the founder of the Ethereum (ETH) cryptocurrency, confronted Wright about his impersonation of the Bitcoin founder. Buterin compared Dr. Wright to the infamous former US president — Donald Trump and dared Wright’s lawyers to sue him.

Wright already had to pay 43 million USD for the seizure of the intellectual property from the venture that he co-founded. Dr. Wrigth also had publicly stated to sell off his questionable 1.1 million Bitcoins which is stated to be worth 25.031 billion USD according to CMC. Such a claim caused fear of the market crash, especially after Wright’s claim to launch a 51% attack on the network.

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