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  • Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs
  • Crypto

Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs

cryptovert March 30, 2024 2 min read
  • Judge
    James
    Mellor
    ordered
    a
    worldwide
    freeze
    on
    6
    million
    British
    pounds
    of
    Craig
    Wright’s
    assets.

  • In
    a
    court
    case
    brought
    by
    COPA,
    Mellor
    found
    earlier
    this
    month
    that
    Wright
    was
    not
    Satoshi
    Nakamoto,
    the
    inventor
    of
    Bitcoin.

  • The
    judge
    ruled
    there
    was
    a
    risk
    Wright
    would
    move
    his
    assets
    offshore
    to
    avoid
    paying
    costs
    related
    to
    the
    case.

A
U.K.
judge
imposed
a
worldwide
freezing
order
on
6
million
British
pounds
($7.6
million)
of
Craig
Wright’s
assets
to
prevent
him
moving
them
offshore
and
evading
costs
arising
from
a

court
case

that
found
he
was
not,
as
he’d
claimed,
Bitcoin
inventor
Satoshi
Nakamoto.

In
a
March
14
decision,
Judge
James
Mellor,
who
heard
the
case
brought
by
the
Crypto
Open
Patent
Alliance
(COPA),
also
found
Wright
didn’t
author
the
Bitcoin
white
paper
nor
the
initial
versions
of
the
Bitcoin
software.
Shortly
after
that,
Wright
notified
Companies
House,
the
U.K.’s
register
of
companies,
that
shares
in
his
RCJBR
Holding
company
had
been

transferred
to
DeMorgan
,
a
company
organized
under
the
laws
of
Singapore.

According
to
a
judgment
dated
Wednesday
and
posted
on
the
website
of
the
Bitcoin
Legal
Defense
Fund,
COPA’s

costs
amount
to
about
6.7
million
pounds
.

“Understandably,
that
gave
rise
to
serious
concerns
on
COPA’s
part
that
Dr
Wright
was
implementing
measures
to
seek
to
evade
the
costs
consequences
of
his
loss
at
trial,”
Mellor
wrote
in
the
judgment,
referring
to
the
share
transfer.

“Dr
Wright
has
a
history
of
default
in
relation
to
orders
for
the
payment
of
money,”
Mellor
wrote,
before
detailing
some
examples.
”
…
COPA
has
a
very
powerful
claim
to
be
awarded
a
very
substantial
sum
in
costs
…
I
consider
there
is
a
very
real
risk
of
dissipation.”

Edited
by
Shaurya
Malwa.

Continue Reading

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