UK Court Freezes $7.6 Million of Assets Belonging to Craig Wright

• After a court ruling disproved Wright’s claim to be Nakamoto, he moved part of his assets.
• The COPA sought to settle the $8,471,225 (£6,703,747.91) in court costs.

Craig Wright, who has claimed to be Satoshi Nakamoto, the creator of the Bitcoin network, has had £6 million ($7.6 million) in assets frozen by a court in the United Kingdom in order to prevent him from avoiding court expenditures related to this matter.

After a court ruling disproved Wright’s claim to be Nakamoto, he moved part of his assets out of the UK, prompting the decision. As a result, on March 18, he transferred ownership of his London company, RCJBR Holding, to a Singaporean organization, as stated in a court filing from the United Kingdom.

Judge James Mellor wrote in the document:

“Understandably, that gave rise to serious concerns on COPA’s part that Dr Wright was implementing measures to seek to evade the costs and consequences of his loss at trial.”

Settling Court Costs

Furthermore, the judge approved the global freezing decision that the Crypto Open Patent Alliance (COPA) sought to settle the $8,471,225 (£6,703,747.91) in court costs. Moreover, in 2020, COPA was established with the goal of removing patents as a barrier to innovation and development in the cryptocurrency industry and to promote their use and progress.

Wright, a computer scientist from Australia, asserted ownership of the Bitcoin network via his self-proclaimed identity as Satoshi Nakamoto. As an example, in January of 2021, he asked two websites to delete the Bitcoin white paper.

Wright was sued by COPA in April 2021 for allegedly claiming to be Satoshi Nakamoto and so owning the copyright to Bitcoin. Also, the court reached this conclusion on March 14th, 2024, after hearing from early Bitcoin developers including Martti Malmi, that the evidence strongly indicates Wright is not Nakamoto.

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