UK Court Blocks £6 Million of Craig Wright's Assets

A British court has taken drastic measures to secure Craig Wright's assets, aiming to prevent him from evading court costs after a judgment found Wright falsely claimed to be the creator of Bitcoin.

In issuing the decision, the judge issued a worldwide freezing order, effectively blocking £6 million ($7.6 million) of Wright's assets and prohibiting him from transferring them abroad, according to court documents filed on Thursday.

In delivering this ruling, Judge James Mellor wrote: "Yesterday I made a worldwide freezing order (WFO) in the sum of £6m, at the request of the Crypto Open Patent Alliance (COPA) against Dr. Craig Wright."

The court's decision stems from a legal process initiated by COPA, which challenged Wright's claims of being Satoshi Nakamoto, the creator of Bitcoin.

In the judgment issued on March 14, Judge Mellor not only dismissed Wright's claims but also stated that he is not the author of the Bitcoin whitepaper or the initial versions of the Bitcoin software.

Shortly after the judgment was announced, Wright attempted to transfer shares of his company, RCJBR Holding, to DeMorgan, a Singaporean entity. This transfer attempt raised concerns that Wright was trying to avoid the financial consequences of the court's decision, especially the costs associated with the proceedings, which amounted to approximately £6.7 million.

In justifying the judgment, Judge Mellor noted Wright's history of unpaid debts and expressed genuine concerns that Wright might dissipate his assets to evade his financial obligations.

"Craig Wright is not Satoshi"

The judgment that Craig Wright is not Satoshi was announced at the conclusion of the proceedings against Wright brought by COPA.

The organization, focused on promoting the adoption and development of cryptocurrency technology and removing patents as barriers to growth and innovation, sought injunctive relief to prevent Wright from continuing to claim to be Nakamoto.

The case brought extensive allegations of document forgery against Wright, suggesting that he fabricated a significant amount of evidence to support his claim of being the pseudonymous founder of Bitcoin.

Furthermore, COPA's final arguments asserted that Wright engaged in extensive deception, emphasizing that he concocted a complex life story and produced a series of forged documents to substantiate his claims.