Cryptocurrency

Craig Wright may pay 85% of legal fees in Satoshi fraud case

On June 7, the Crypto Open Patent Alliance (COPA) asked Judge James Mellor: Craig Wright ordered to pay 85% of legal costs In a recent court case.

The purposes of COPA’s lawsuit are to: Find out if Wright is actually the mysterious creator of Bitcoin. Satoshi Nakamoto. Light is claimed this identity for a long time, It files lawsuits against individuals and companies in the cryptocurrency industry under this pretext, including COPA members Kraken and Coinbase.

However, last March, a British court ruled Wright declared that he is not Nakamoto and did not write the Bitcoin white paper.

Cryptocurrency Research Fundamentals: DYOR Method (Animated Explainer)

Did you know?

Do you want to become smarter and richer with cryptocurrency?

Subscribe – We post new cryptocurrency explainer videos every week!

The courtroom was packed with legal experts eager to see the conclusion of this high-profile trial. During the proceedings, COPA’s legal representative Jonathan Hough said: It played a video from 2019 in which Wright admitted to changing the document.

knee They urged the judge to issue a civil detention order for Wright. To prevent him from taking further legal action, It claimed Wright had made repeated threats and proposed a list of online posts that Wright would remove.

He also suggested: Consider criminal charges Based on the court’s finding of multiple forgeries by Wright during the trial. additionally, Bitcoin developers involved in the case demanded that Wright pay 85.2% of their legal fees.

Hough stressed the need to stop Wright from spreading disinformation:

now <라이트의 거짓말>There is a lot of public interest in this ending.

Wright’s defense, led by attorney Craig Orr, countered: Restricting Wright’s claims as Nakamoto could violate his human rights. Orr also claimed: Demands to remove Wright’s post were “parasitic” And what I requested was Cost reimbursement is reduced to 70% of COPA costs.

Judge Mellor did not immediately issue a ruling but said: A determination of costs takes precedence over an award of injunctive relief.—Court action to prevent further action by Wright.

The upcoming decision has important implications for resolving Wright’s lawsuit and the spread of disinformation.

In other news, BitMEX co-founder Arthur Hayes predicted that the Federal Reserve and the Bank of Japan would influence raising the price of Bitcoin to $1 million.

With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.


Related Articles

Back to top button