UK Judge Orders $7.6 Million Asset Freeze on Craig Wright Amid Bitcoin Creator Dispute
Friday, 29 March 2024, 17:45
Craig Wright Hit With Asset Freeze
A UK Judge has placed a $7.6 million asset freeze on Craig Wright, following a legal dispute challenging his claims as the creator of Bitcoin. The ruling stemmed from the Joint Trial, where evidence discrediting Wright's assertions was presented, leading to the conclusion that he was not the pseudonymous founder of the digital currency. This decision is part of a broader legal action related to copyright and database rights involving Wright and his companies.
Legal Implications and Response
- The asset freeze, known as a worldwide freezing order, was prompted by Wright's attempt to transfer shares post-trial, indicating potential evasion of financial liabilities.
- The proactive measures taken by the Crypto Open Patent Alliance (COPA) led to the urgent application for the asset freeze, emphasizing the alliance's commitment to upholding accountability standards.
- The ruling sets a precedent for addressing copyright and identity claims within the cryptocurrency realm, showcasing the legal complexities in such disputes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.