The Australian scientist who appears to have invented Bitcoin has filed a lawsuit in order to reclaim $5.7 billion in the digital currency

Must Read

Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst

Harmony’s Multi-Sig Exploited Polygon’s CSO Says, Harmony Protocol’s Founder Found Evidence That ‘Private Keys Were Compromised’

Uniswap Set To Add NFTs To Its Product Lineup With Latest Acquisition

On Tuesday, a popular crypto start-up and founders of a leading decentralized exchange of the name Uniswap...

Yuga Labs vs. Ryder Ripps: Decoding the impact of the lawsuit on the performance of ‘Apes’

Yuga Labs is the limelight again. However, this time around the NFT giant announced that it has...

A computer scientist in Australia claims to have invented Bitcoin and has filed a lawsuit to recover $7.25 billion in the digital currency he claims to own.

Craig Wright is asking that 16 programmers of the digital currency enable him to recover about 111,000 Bitcoin stored at two digital addresses for which he does not have private keys in a London High Court case that has already been called “bogus” by one claimant.

When his personal computer network was compromised in February 2020, Wright claims he missed the encoded keys. The investigators are searching into it.

Wright has said since 2016 that he produced the Bitcoin foundational white paper in 2008 under the alias Satoshi Nakamoto, which explained the technologies underlying the digital assets for the first time.

Đợt bull run Bitcoin đang diễn ra sẽ kéo dài bao lâu? - Tạp chí Bitcoin

The claim is hotly disputed.

The autistic Australian, who stays in the United Kingdom with his wife and two of his three children, claims that developers have failed to behave in the best interests of the legitimate owner of internationally traded properties in his new case.

‘Our client has always maintained that he created Bitcoin to operate within existing laws and that in the event of loss or theft, where legitimate ownership can be proven, the developers have a duty to ensure recovery,’ stated Paul Ferguson, a partner at law firm Ontier, which is representing Wright.

According to a legal document, the lawsuit is being taken against the creators of four networks: Bitcoin Satoshi Vision (BSV), Bitcoin Core (BTC), Bitcoin Cash (BCH), and Bitcoin Cash ABC (ABC) at addresses in Europe, the United States, New Zealand, Australia, and Japan.

Peter Todd, one of the suspects, stated that he and other people were not engaged in day-to-day network production, that Wright had not established his possession, and that Bitcoin ought not to be liable to “arbitrary seizure.”

‘As this very case shows, if we allow people to get coins seized and reassigned by court order, that puts your coins at risk of being stolen by abuses of those fallible processes,’ he stated in an email.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst

Harmony’s Multi-Sig Exploited Polygon’s CSO Says, Harmony Protocol’s Founder Found Evidence That ‘Private Keys Were Compromised’

Uniswap Set To Add NFTs To Its Product Lineup With Latest Acquisition

On Tuesday, a popular crypto start-up and founders of a leading decentralized exchange of the name Uniswap announced the acquisition of Genie,...

Yuga Labs vs. Ryder Ripps: Decoding the impact of the lawsuit on the performance of ‘Apes’

Yuga Labs is the limelight again. However, this time around the NFT giant announced that it has filed a lawsuit against old...

Anonymous vows to bring Do Kwon’s ‘crimes’ to light

Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regard...

SEC requests comments on the guidelines for ICO portals

To avoid conflicts of interest and clarify the rules of outsourcing, the Securities and Exchange Commission (SEC) asks the public for feedback...
- Advertisement -

More Articles Like This