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Market News

UK Supreme Court Rejects Craig Wright’s Appeal

Wright's latest loss comes amid a boiling point in another legal battle he is waging against a coterie of crypto companies and bitcoin devs.

Written By:
Ezra Kaimenyi

Last updated: January 26, 2024 6:39 AM
Published 2024-01-26
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UK Supreme Court Rejects Craig Wright's Appeal

Recently, the UK Supreme Court denied Craig Wright, the self-proclaimed Bitcoin inventor, permission to appeal the ruling in his case against podcaster Peter McCormack. Wright, who asserts himself to be Satoshi Nakamoto, the creator of Bitcoin, was previously awarded a nominal compensation of £1 in July for the libel claim.

Rupert Cowper-Coles, a partner at the RPC firm representing McCormack, revealed that the Supreme Court refused Wright’s appeal at the end of last year. McCormack’s legal team expressed satisfaction with the judgment, emphasizing the resilience of the £1 nominal damages award, which Wright attempted to appeal unsuccessfully twice.

Wright expressed disappointment with the Court of Appeal, stating that it failed to acknowledge the damage caused to him by organized online vitriol, impacting his well-being. This setback for Wright concurs with another legal battle he is currently engaging in against various crypto companies and bitcoin developers.

In a related incident, a group involved in the case rejected a settlement offer from Wright. The group is accused of violating Wright’s alleged copyright to Bitcoin’s white paper, blockchain database, and file format. The non-profit Cryptocurrency Open Patent Alliance (COPA) expressed a firm stance against the proposed settlement, citing inaccuracies and potential loopholes that could enable Wright to initiate lawsuits.

Hard pass on that "settlement."

Just like Craig Wright forges documents and doesn't quite tell the truth, his description of the settlement offer isn't quite accurate either – it comes with loopholes that would allow him to sue people all over again.

— COPA (@opencryptoorg) January 24, 2024

This latest development further complicates the legal landscape surrounding Craig Wright, who continues to assert his identity as Satoshi Nakamoto amidst ongoing legal challenges.

Also Read: nChain CEO Quits, Accuses Craig Wright Is Not Satoshi

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)Satoshi NakamotoUnited Kingdom
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By Ezra Kaimenyi
Ezra, a seasoned content writer, with three years of blockchain experience from various industry projects, offering adept analysis and latest news

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