Crypto News
| Published On May 21, 2024 6:51 am CEST | By Daniel Li

Court Reveals Craig Wright’s Repeated Falsehoods About Bitcoin Creation

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Justice James Mellor delivered a decisive judgment on Monday, ruling that Craig Wright committed perjury during the COPA v Wright trial. This high-profile case centered on Wright’s claim to be Bitcoin creator Satoshi Nakamoto.

Justice Mellor found that Wright used fraudulent documents to support his assertions. “It is clear that Dr. Wright engaged in the deliberate production of false documents to support false claims and use the Courts as a vehicle for fraud,” Mellor stated. He further asserted, “I am entirely satisfied that Dr. Wright lied to the Court extensively and repeatedly. All his lies and forged documents were in support of his biggest lie: his claim to be Satoshi Nakamoto.”

In March, Mellor had already determined that Wright was not Nakamoto and did not author Bitcoin’s foundational document, the “white paper.” Mellor remarked, “Dr Wright presents himself as an extremely clever person. However, in my judgment, he is not nearly as clever as he thinks he is.”

The Legal Battle with COPA

Craig Wright’s longstanding claim of being the mastermind behind Bitcoin has sparked controversy and skepticism, leading to a legal confrontation with the Crypto Open Patent Alliance (COPA). COPA, a major entity in the crypto industry, filed a lawsuit against Wright in 2021. The trial, which commenced on February 5, involved COPA accusing Wright of forgery and perjury.

While Wright has yet to publicly address Mellor’s statements, he posted on X, saying, “I fully intend to appeal the decision of the court on the matter of the identity issue.”

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This ruling has profound implications for the cryptocurrency world. It reinforces Bitcoin’s decentralized and leaderless nature, confirming that no single individual can claim its origins. The decision finally puts to rest one of the most controversial claims regarding the pseudonym Satoshi Nakamoto.

The legal consequences for Wright’s perjury are still unfolding. In March, $7.6 million of Wright’s assets were frozen to prevent him from moving them offshore to evade legal costs. Attempting to preempt his losses, Wright sought an out-of-court settlement with COPA in January, but COPA declined.

Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.