Judge Imposes Worldwide Asset Freeze on Fake Satoshi Craig Wright

A U.K. judge has ordered to freeze $7.6 million worth of Craig Wright's assets worldwide after finding that he falsely claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.

Mar 29, 2024 - 20:50
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Judge Imposes Worldwide Asset Freeze on Fake Satoshi Craig Wright

A U.K. judge ordered to freeze $7.6 million (£6 million ) worth of Craig Wright's assets worldwide after finding that he falsely claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.

The order comes after Wright's decisive loss in a landmark lawsuit against the Crypto Open Patent Alliance (COPA). Earlier in March, Judge James Mellor ruled that Wright did not author the Bitcoin whitepaper, create Bitcoin, or develop its early software, debunking his longstanding claims to the contrary.

Now, Mellor has granted COPA's application for a worldwide freezing injunction to prevent Wright from dissipating assets and evading costs related to the case. The British judge found Wright's recent transfer of shares to an overseas company "gave rise to serious concerns" about his intentions to avoid the impending costs order.

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