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The court ruled that Craig Wright is not Satoshi Nakamoto, which means he is a swindler

Market and Events: The court ruled that Craig Wright is not Satoshi Nakamoto, which means he is a swindler

A recent UK Supreme Court decision has rejected claims that Craig Wright was Satoshi Nakamoto and played a role in the creation of the first digital currency. The court backed the Crypto Open Patent Alliance (COPA) and ruled that Wright's connection to the creation of bitcoin was unfounded.

The judge reportedly found the evidence against Wright to be "undisputed," leading to the verdict that he was neither the elusive Nakamoto, the organizer of bitcoin, nor the author of its seminal white paper.

COPA launched a lawsuit against Wright in 2021, accusing him of deception and falsifying documents. The organization sought to refute his claims of a connection to Nakamoto and initiated the trial on February 5, 2024.

Wright told the defense that he denies the allegations of document tampering and that the inconsistencies in the documents were due to the complex nature of working together in a digital environment.

Throughout the trial, witnesses presented various pieces of evidence to support Wright's version of events. For example, Wright's sister testified that as a child he wore ninja clothes and owned several computers, suggesting his involvement in the creation of bitcoin.

In his testimony, Wright was unable to name the person who allegedly transferred bitcoins on Nakamoto's behalf. He had previously claimed to have sent the cryptocurrency to multiple recipients through his company, which was allegedly linked to the asset's creator.

Despite numerous legal disputes about his role in the creation of #bitcoin, Wright has faced setbacks, including losses against prominent cryptocurrency organizations and individuals such as Peter McCormack.

It's worth noting that Wright was previously ordered to pay $516,000 in a lawsuit against #Coinbase and #Kraken.

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