Bitcoin

Bitcoin Founder’s Identity Remains A Mystery As Craig Wright Admits He’s Not Satoshi Nakamoto

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Craig Wright, an Australian computer scientist who claimed to be Satoshi Nakamoto, the pseudonymous Bitcoin creator, has publicly recanted his statements after being found guilty of making false claims and committing forgery. 

Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto

The identity of the elusive Bitcoin founder remains one of the greatest mysteries in the crypto space as Satoshi Nakamoto impersonator, Craig Wright publicly confessed to not being the creator of Bitcoin. After years of asserting he was Nakamoto, Wright admitted on his personal website via a legal notice that his claims were false.

The notice disclosed that on May 20, 2024, Wright was found guilty by the High Court of England and Wales of being dishonest in his assertions to be the person behind “the pseudonym Satoshi Nakamoto.” The court also discovered that Wright lied “extensively and repeatedly” in his evidence, creating various false narratives in his attempt to bolster his false claims. 

Additionally, the court exposed Wright for forging various documents and presenting them as evidence in his defense to support his erroneous claims. As a result, the court denounced Wright’s actions as “a most serious abuse,” which inherently undermined the judicial processes of the courts of the United Kingdom (UK), Norway and the United States (US).

Following the denouncement, the High Court unequivocally stated that Wright is not the author of the Bitcoin white paper, the foundational document outlining BTC’s principles and mechanics. They ruled that Wright is not the owner of the copyright to the Bitcoin white paper and not the author of the initial versions of the Bitcoin software.

Furthermore, the High Court declared that Wright was not the person who adopted or operated under the pseudonym “Satoshi Nakamoto” in the period between 2008 and 2011 when BTC’s foundations were laid. The court has also rejected Wright’s assertions of being the creator of the Bitcoin system, dispelling any remaining doubt about his false role in creating Bitcoin. 

Court Orders Strict Prohibitions On Wright

In addition to the court’s clear-cut ruling on Wright’s false claims, several stringent conditions and measures have been imposed on the self-proclaimed Bitcoin creator to prevent further legal actions based on his previous discredited assertions. 

Wright has been explicitly ordered by the High Court to refrain from initiating any legal proceedings, whether as a claimant or a counterclaim. He has also been prohibited from encouraging or involving others in any legal activities involving such actions. 

The court has further ordered Wright to not issue any threats of legal action, whether explicit or inexplicit on the basis of any of his false assertions involving being the Bitcoin creator. The order also extends towards preventing Wright from procuring any other person to threaten legal action. 

The High Court’s comprehensive and definitive rulings and strict orders mark a decisive end to Wright’s long-standing claims of being the Bitcoin founder. This development also serves as a deterrent and warning against making false claims in the crypto space. 

BTC price holds support at $64,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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