Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Craig Wright’s $7.6 million assets frozen over Satoshi allegations
TRADING NEWS

Craig Wright’s $7.6 million assets frozen over Satoshi allegations

By Crypto FlexsMarch 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Craig Wright’s .6 million assets frozen over Satoshi allegations
Share
Facebook Twitter LinkedIn Pinterest Email

British judge James Mellor has ordered $7.6 million in assets frozen by Craig Wright, a controversial figure who claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

The decision follows a heated legal battle with the Crypto Open Patent Alliance (COPA), which has challenged Wright’s claim to be the creator of the cryptocurrency.

Craig Wright Hit With Asset Freeze

The court’s decision was based on the overwhelming evidence presented in the joint trial, with Judge Mellor concluding that Wright was not in fact the creator of Bitcoin. The ruling came as part of a broader copyright and database rights lawsuit launched by Wright and two of his companies against certain developers, further complicating Wright’s legal entanglements.

“Dr Wright has a history of non-compliance with respect to payment orders…COPA has a very strong case for a very significant amount of costs to be paid…I think there is a very real risk of loss,” Mellor said. the judge wrote.

Moreover, the asset freeze, officially known as the World Freeze Order (WFO), was triggered by Wright’s actions following the trial. He attempted to transfer shares from his company, RCJBR Holding plc, to DeMorgan PTE, in what appears to be an attempt to avoid the financial consequences of the loss.

COPA’s proactive action led to WFO’s emergency application, demonstrating the Alliance’s resolve to ensure accountability.

“After carefully considering COPA’s cost claims and anticipating a possible response on Dr. Wright’s behalf, I have concluded that the appropriate amount for WFO is ($7.6 million),” Judge Mellor wrote.

Read more: Satoshi Nakamoto – Who is the founder of Bitcoin?

The ruling affects Craig Wright’s financial assets and sets precedent for the legal handling of copyright and identity claims related to cryptocurrency technology.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025
Most Popular

Will Avalanche’s ecosystem growth help AVAX’s price?

February 23, 2024

Bitcoin price needs to break above $62,000 to avoid worst-case ‘death cross’ outcome.

August 9, 2024

This token can change $ 10000 to $ 100000, depending on the Sharp Surge of the 2023 PEPE Coin (PEPE).

February 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.