• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Australian Programmer Claims To Be Satoshi And Opens A$7.4B Lawsuit

May 15, 2021
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
Australian Programmer Claims To Be Satoshi And Opens A$7.4B Lawsuit
0
SHARES
8
VIEWS
ShareShareShareShareShare

Craig Wright is in the news again, this time with his ongoing court case to get access to 111,000 Bitcoin (over $7 Billion AUD) held in two digital addresses – he claims the private keys were “stolen” earlier this year.

The Australian computer scientist who now lives in the UK, claims he is Satoshi Nakamoto who created Bitcoin, and has launched a London high court lawsuit against 16 Bitcoin Core software developers in an effort to secure his “lost” Bitcoins.

“Our client has always maintained that he created Bitcoin to operate within existing laws and that in the event of loss or theft, where legitimate ownership can be proven, the developers have a duty to ensure recovery,”

Paul Ferguson, lawyer representing Wright

The case is largely centred on who wrote Bitcoin’s whitepaper, which first outlined the vision of Bitcoin and was published under the pseudonym Satoshi Nakamoto in 2008.

It does seems odd, that a person so deliberately private and anonymous would suddenly feel the need to burst into the spotlight and claim the title as the great Creator of Bitcoin.

Reached by email, Cobra from Bitcoin.org said:

“We’ve been threatened to take down the Bitcoin whitepaper by someone who obviously isn’t the inventor of Bitcoin (if he was, that would make him the 25th richest person in the world, which he obviously isn’t).

Cobra

It remains to be seen if the courts will decide in favour of these seemingly absurd and highly controversial claims. It smells a bit like the old classic, “the dog ate my homework”. If you can’t prove it, then you don’t own it. The true power of the blockchain is that it is so beautifully open and transparent.

If Craig Wright really is Satoshi Nakamoto, could he retrace the breadcrumbs and provide real evidence to back up his claims?

Stay tunes to see how this court battle pans out.

Related news:

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Samsung Adds Support For Hardware Wallets On Galaxy Devices

Next Post

Will Cardano Overtake Ethereum? Crypto Trader Alex Saunders Analyzes ETH’s First-Mover Advantage

Next Post
Will Cardano Overtake Ethereum? Crypto Trader Alex Saunders Analyzes ETH’s First-Mover Advantage

Will Cardano Overtake Ethereum? Crypto Trader Alex Saunders Analyzes ETH’s First-Mover Advantage

You might also like

U.S. Crypto Adoption Rebounds as ETF Inflows Signal Institutional Return

U.S. Crypto Adoption Rebounds as ETF Inflows Signal Institutional Return

April 21, 2026
Tether Buys Into Bitcoin Lending Play With 8.2% Antalpha Stake

Tether Buys Into Bitcoin Lending Play With 8.2% Antalpha Stake

April 21, 2026
If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns

Dogecoin Social Buzz Just Collapsed: What The Data Shows

April 23, 2026
FTX Estate Sold Cursor Stake for $200K: It’s Now Worth $3 Billion

FTX Estate Sold Cursor Stake for $200K: It’s Now Worth $3 Billion

April 23, 2026
Bitget Launches Pre-IPO Token Trading Starting With SpaceX on Solana

Bitget Launches Pre-IPO Token Trading Starting With SpaceX on Solana

April 24, 2026
XRP Price Bounce Losing Steam, Failure Signals Could Emerge

XRP Price Bounce Losing Steam, Failure Signals Could Emerge

April 22, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin ‘Sharks’ Silently Accumulate Amid Market Uncertainty — Details

Bitcoin ‘Sharks’ Silently Accumulate Amid Market Uncertainty — Details

April 25, 2026
Bitcoin Traders Double Down On Bearish Bets Amid Consolidation

Bitcoin Traders Double Down On Bearish Bets Amid Consolidation

April 25, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.