Craig Wright, who falsely claimed to be bitcoin's creator, was sentenced to 12 months in prison, suspended for two years, for contempt of court. He was found to have breached a previous order barring him from making claims related to bitcoin.
An Australian computer scientist who falsely claimed to be the founder of the bitcoin cryptocurrency was found Thursday to be in contempt of an order of London’s High Court and was sentenced to 12 months in prison, suspended for two years.
In a judgment on Thursday, Justice James Mellor said Craig Wright had committed “a clear breach” of the order in March that barred him from launching or threatening further legal action related to bitcoin, which has seen a meteoric rise in value since its launch around the time of the global financial crisis in 2008. Lawyers for the Crypto Open Patent Alliance, or COPA, a group of technology and cryptocurrency firms, told the court on Wednesday that Wright had issued claims worth more than 900 billion pounds ($1.1 trillion) in October from companies and individuals related to intellectual property rights connected to bitcoin. The organization argued that Wright’s actions constituted contempt of court as he had been ordered to refrain from making any claims related to bitcoin in March, when Mellor ruled that he was not, as he claimed, the mysterious creator of the digital currency, nor the author of the initial versions of the bitcoin software. Mellor said it was “beyond any reasonable doubt” that Wright had indeed been in contempt of the court order. Wright, who according to court documents is in either Indonesia or Singapore, attended Thursday’s hearing by video link. He did not attend the previous day’s session when COPA made its case.For eight years, Wright had claimed that he was the man behind “Satoshi Nakamoto,” the pseudonym that masked the identity of the creator of bitcoin. The murky origins of bitcoin date to the height of the financial crisis in 2008. A paper authored by a person or group using the Nakamoto pen name explained how digital currency could be sent around the world anonymously, without banks or national currencie
BITCOIN CRYPTOCURRENCY CRAIG WRIGHT CONTEMPT OF COURT SATOSHI NAKAMOTO
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