Web Analytics
Monday, April 21, 2025

The Court Ordered The Self Proclaimed Satoshi Nakamoto To Pay $ 100 Million

Craig Wright, who calls himself the creator of the first cryptocurrency and demands from Bitcoin Core developers to give him back access to early Bitcoin addresses, was found guilty of unauthorized appropriation of property

The Miami jury has ordered the self-proclaimed creator of bitcoin Craig Wright to pay $ 100 million in compensation to W&K Info Defense Research.

This was reported by Law360 journalist Carolina Bolado. The jury acknowledged the conversion (unauthorized appropriation of property), and the rest of the claims were rejected.

In 2019, Wright, who claimed that the pseudonym Satoshi Nakamoto belonged to him, tried to convince the court that his partner Dave Kleiman had allegedly given up his stake in W&K Info Defense Research.

Analysts at WizSec found that the bitcoin addresses featured in the litigation never belonged to Wright or Kleiman. WizSec said the jury is trying to choose between “two wrong decisions.”

Neither Wright nor Clayman had anything to do with the creation of bitcoin and did not mine BTC, so they argue over fictitious assets that never existed (or are trying to claim other people’s bitcoins),” the analysts said in a statement.

In February of this year, Wright demanded that Bitcoin Core developers give him back access to two bitcoin addresses. One of these wallets may be associated with the hacking of the Mt.Gox cryptocurrency exchange.

Related Articles

Stay Connected

3,477FansLike
4,500FollowersFollow
1,200FollowersFollow
3,912FollowersFollow
1,222SubscribersSubscribe
[td_block_24 limit="2" sort="random_7_day" show_modified_date="yes"]

Latest Articles

Random