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

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.