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Hodlonaut Receives $1 Million In BTC To Defend Faketoshi Lawsuit

August 24, 2022
in Australian Crypto News
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Self Proclaimed ‘Satoshi’ Craig Wright Cleared Of Charges, But Liable For $100 Million
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The self-proclaimed inventor of Bitcoin, commonly known as “Faketoshi” among Bitcoiners, is back at it again. This time, Craig Wright is suing a pseudonomyous Bitcoin website editor for defamation.

‘We Are All Hodlonaut’

True to form, the Bitcoin community has rallied in support of “Hodlonaut”, raising over US$1 million (52 BTC) to support what is expected to be a costly lawsuit.

With the trial set to commence on September 12 in Oslo, Hodlonaut reached out to the community for support, highlighting that in addition to defending the defamation claims he would also be seeking an order preventing Wright from additional claims in the future:

Hodlonaut call to arms. Source: Twitter

The Bitcoin community heard the call to action and wave of support followed, with one particularly deep-pocketed Bitcoiner donating 47 BTC:

And to the person, company or group that donated 47BTC… Stepping up like that, with no desire for clout or recognition, just wanting to help, without anyone knowing… that is extremely #bitcoin. Love you, my anonymous brother(s)/sister(s). 🧡

— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) August 22, 2022

Aside from financial contributions, the community offered its support with the hashtag #WeAreAllHodlonaut. Michael “Gigachad” Saylor, the unofficial corporate king of Bitcoin, tweeted the hashtag on the same day as the massive 47 bitcoin donation was received. Coincidence?

Defending Bitcoin

It’s difficult to remember a time when Craig Wright wasn’t embroiled in some or other legal proceedings. Most recently, he won a case against a popular British podcaster for defamation, however ended up with the paltry sum of £1 for deliberating manufacturing evidence.

Wright has routinely threatened media personalities and Bitcoin Core developers with lawsuits, which has ultimately led to the creation of a fundraising page called defendingbtc. Thus far, over 50 bitcoin has been donated and, given the community’s support behind Hodlonaut, that figure is likely to only go up.

Despite having numerous opportunities to conclusively prove that he is Satoshi, Wright has failed in each case. Is Hodlonaut the person to once and for all and finally put to rest Wright’s persistent baseless claims? Time will tell.

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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.


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