As a seasoned crypto investor with over two decades of experience under my belt, I find myself increasingly perplexed by the ongoing saga of Craig Wright and his claims to be Satoshi Nakamoto. The latest development – his failure to appear at a court hearing due to financial reasons – raises more questions than it answers.
Craig Wright, the individual asserting himself as Bitcoin‘s creator, Satoshi Nakamoto, mentioned in a London court that financial constraints prevent him from attending the scheduled court hearing. This absence may lead to a finding of contempt, potentially resulting in his arrest.
Today’s court hearing at the Royal Courts of Justice is a part of an ongoing legal dispute with the Crypto Open Patent Alliance (COPA), who claim Wright violated a prior court ruling. The supposed infraction pertains to his involvement in a £900 billion lawsuit against more than 100 companies, such as Jack Dorsey’s Square Up and BTC Core, as reported by Protos.
Wright’s choice to skip the hearing has sparked speculation that he might be attempting to evade accountability for his actions. In November of last year, Judge Mellor instructed Wright to appear at the hearing, and his excuses for non-attendance have been deemed invalid.
Although COPA proposed to cover Wright’s travel costs, whether it be from Indonesia or Singapore, he turned down the offer. He asserted a claim for £240,000, arguing that due to COPA’s actions, he had missed out on contracts and would likely continue to do so in the future.
The legal advisor for COPA, Jonathan Hough, stated that Wright intentionally stayed away from the court to dodge the legal penalties of his contempt. He urged the immediate imprisonment of Wright for a period of two years.
The contempt case hinges on Wright’s non-compliance with a July court order. The order came after a judgment that his claim to being the creator of Bitcoin was false. COPA is pushing for an 18-month jail sentence for Wright, with an extra six months if he doesn’t stop fighting the claims. The judge has set a hearing for tomorrow for sentencing, and Wright can attend it remotely.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- Blockaid new dashboard to track Web3 activity and threats
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- ‘Kraven the Hunter & ‘Madame Web’ Box Office Disaster Blamed on Media Scrutiny
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
- Crypto x AI makes up just 1% of crypto market cap, says analyst
2024-12-19 00:37